Victoria

 

Causal inference, behavioural insights and experimental methods in economics: An introduction

Date

From: Tuesday October 15, 2024, 5:30 pm

To: Tuesday October 15, 2024, 7:00 pm

Causal inference, behavioural insights and experimental methods in economics: An introduction

We examine the differences between behavioural and experimental economics, focusing on their roles in understanding economic decision-making. We begin with a discussion of causal inference and its importance, highlighting how experimental economics helps establish causal relationships through controlled settings, such as lab experiments and randomised controlled trials (RCTs). Next, we explore behavioural economics, which challenges the traditional notion of rationality in "blackboard economics" by examining the impact of cognitive biases and heuristics on decision-making. The presentation will conclude with engaging examples and demonstrations to illustrate how these behavioural insights can inform policy and business strategies.

About the Authors

Dmitry Ryvkin is a professor of Economics at the School of Economics, Finance and Marketing, RMIT University. In his research, Dmitry combines economic theory and experiments to address a diverse set of questions in applied microeconomics. His topics of interest include incentives in organisations, corruption and adverse behaviours, political economy, overconfidence, and investment in clean technology. His recent work is on the optimal structure of prizes in contests, strategic default setting by firms, and employee risk-taking behaviour. Prior to joining RMIT, Dr. Ryvkin was a Bernard F. Sliger Professor of Economics at Florida State University. He holds a PhD in Economics from the Center for Economic Research and Graduate Education – Economics Institute (CERGE-EI) in Prague, as well as a PhD in Physics from Michigan State University.

Qin Wu is a lecturer in Economics at the School of Economics, Finance, and Marketing at RMIT University. She specialises in experimental and behavioural economics, focusing on effective deterrence of unethical behaviour in contests, the impact of price competition on retail inventory decisions, cooperative and competitive behaviour in organisations, and the role of information ignorance in shaping reciprocal behaviour. Qin is committed to applying behavioural research to solve complex societal issues and advancing discussions that foster innovation. She holds a PhD in Economics from the University of Adelaide.


Event Details

Date: Tuesday 15 October 2024
Time: 6pm and runs until approximately 7pm. Attendees welcome to arrive from 5:30pm to enjoy drinks downstairs (at own cost)
Cost: Free for members / $10 for non-members
Venue: The Kelvin Club, 14-30 Melbourne Pl, Melbourne VIC 3000

If you are not yet an ESA VIC member, this event is an opportunity for you to become a member to enjoy discounted rates on this and  other events and access to other free events throughout the year. You can become a member here.

We look forward to welcoming you to this event, 

ESA VIC Branch 

 

Bookings are now closed




Venue

The Kelvin Club

14-30 Melbourne Place, Melbourne VIC 3000


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