Research Themes

Political economy can be understood as the application of economic analysis to the study of political processes. The application of behavioral approaches to political economy can help in uncovering the influence of non-standard economic factors, such as cognitive biases on either side (policymakers and individuals), in systematic analyses. Researchers at UC Berkeley are at the forefront of advancing these efforts.

The following members of the Initiative for Behavioral Economics & Finance are working in these areas:

Recent Work

Butera, L., Metcalfe, R., Morrison, W., & Taubinsky, D. (2022). Measuring the welfare effects of shame and pride. American Economic Review, 112(1), 122-68. Abstract

Bottan, N. L., & Perez-Truglia, R. (2020). Choosing your pond: location choices and relative income. The Review of Economics and Statistics, 1-46. Abstract

Chi, G., Fang, H., Chatterjee, S., & Blumenstock, J. E. (2022). Microestimates of wealth for all low-and middle-income countries. Proceedings of the National Academy of Sciences, 119(3). Abstract