LUISS Behavioral Studies (BeSt) is an interdisciplinary, interdepartmental research group adopting a behavioral approach to the study of individual and collective behaviors in economics and management. All researchers from BeSt make large, although not exclusive, use of experiments (both in the lab and field), and have diversified backgrounds spanning from microeconomics, to management, organization theory, industrial dynamics, game theory, neuroscience.
The application of insights from psychology to better understand human decision making processes has a long history in economics, dating back to the seminal contributions by Herbert Simon and before. However, it’s only with the assignment of the Nobel Prize in Economics to the psychologist Daniel Kahneman that behavioral economics has entered the mainstream of economic theory. More recently, the decision of the Swedish Academy to confer the 2017 Nobel prize to Richard Thaler has unveiled the relevance of behavioral paradigms for informing public policy interventions to improve citizens’ wellbeing.
If the validity of the behavioral approach in economics is by now well established, its recognition in management is still lacking. Recently however, growing interest on the part of researchers and journal editors to host behavioral contributions signals that entrepreneurs, managers, and management scholars alike are beginning to appreciate how the behavioral lens may contribute to better decision making in organisations.
Luiss BeSt intends to contribute to the academic, managerial and political debate in behavioral studies through cutting edge and interdisciplinary research focused on individual and collective behaviors in markets and organizations.
Luiss BeSt also intends to share its research insights with practitioners and policy makers through the organization of conferences, publications in dedicated journals and blogs and in its series of working papers.