This book talk is organised by The Institute for New Economic Thinking at the Oxford Martin School
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Models of human behaviour lie at the heart of economics and progress in economics must take into account the latest advances in empirical and theoretical understandings of behaviour. Prof. Dhami is the author of The Foundations of Behavioral Economic Analysis, a definitive and comprehensive survey of the state of behavioural economics research. In this seminar Prof. Dhami will be interviewed by Prof. Eric Beinhocker, Executive Director of INET Oxford, on the current state of behavioural economics research, major challenges and questions, and exciting areas of new work. They will then engage the group in an interactive discussion on the implications of this work for new economic thinking, including how social preferences and psychological motivations might be integrated into empirically validated models, how behavioural insights might be utilised in methodologies such as agent-based, network models, behavioural game theory, and the possibilities for creating a macroeconomics that is truly micro-founded on empirically rigorous behavioural insights.
About the speaker
Prof Sanjit Dhami is a Professor of Economics at The University of Leicester. His main area of research is Behavioural Economics, which is the interface of psychology, economics, sociology, neuroscience, evolutionary biology, and anthropology. The main focus of his work in the past has mainly been in addressing theoretical questions in several areas in behavioural economics; this includes behavioural decision theory, behavioural game theory, behavioural time discounting, and social preferences. In current work, he uses a mix of behavioural economic theory and experiments to address both theoretical and applied issues in behavioural economics.
Prof Dhami hold a Masters and PhD in Economics (1997) from the University of Toronto, Canada and an MPhil from the Delhi School of Economics, University of Delhi, India.
Before coming to Leicester in 2003, Prof Dhami worked at the University of Essex and Newcastle University for six years. His most recent research is largely in theoretical foundations of Behavioural Economics as well as its applications, jointly with his colleague Professor Ali al-Nowaihi.
Prof Dhami's book 'Foundations of Behavioral Economic Analysis' was published by Oxford University Press in November 2016. You can view videos from the Book Launch event on YouTube. The Book Errata file can be found here.
Read a full list of his Publications.