Robert Kirby Professor of Behavioral Economics
Colin Camerer's group is interested in how psychological forces and their deeper neuroscientific foundations influence economic decisions involving individuals and markets. They conduct economic experiments in the lab to elucidate brain behavior during decision making, strategizing, and market trading. Their research departs from previous theory in that it does not assume the mind to be a rational and perfect system, but rather focuses on the limitations of everyday people when they play actual games, and seeks to predict how they will behave in situations that involve strategy. Camerer is the author of Behavioral Game Theory: Experiments in Strategic Interaction.