Most of our decisions are not the results of cautious deliberation. We are influenced by available information in reminiscence, mechanically generated affect, and salient information within the setting. We also stay within the moment, in that we have a tendency to resist change, are poor predictors of future behavior, subject to distorted memory, and affected by physiological and emotional states.
Consequently, his research has the potential to dramatically impact the conceptual foundations of economics for generations to come in a means that few scholars ever will. Fehr’s research has earned him many accolades. He has held a professorship of Microeconomics and Experimental Economics at the University of Zurich, and is presently the director of the economics division. He previously served as president of the Economic Science Association and the European Economic Association. He can also be an honorary member of the American Academy of Arts and Sciences, as well as … Read More