What is TIBER?
TIBER is not only the name of a meandering river in Italy, TIBER is also the Tilburg Institute for Behavioral Economics Research. TIBER is a research institute devoted to studying the psychological processes underlying individual choice and economic decision making from an interdisciplinary perspective.
Tiber brings together economists, psychologists, and marketing researchers to cooperate intensively in its research projects.
The intersection of economics and psychology
This cooperation between economists and psychologists is not entirely
new. On a number of places in the academic world, this kind of
cooperation and mutual fertilization is growing rapidly. The most
distinguished token is the fact that some years ago the psychologist
Kahnemann received the Nobel prize for economics.
TIBER is a center for scientific expertise in the
field of behavioral decision making and contributes to the development
of new insights into the psychological determinants of economic decision
making. TIBER tries to accomplish this by combining the best of
practices from economics and social psychology. Economists have
formulated strong and mathematically precise models for describing,
explaining, and predicting economic behavior. However, the theoretical
basis of these models is not always well-elaborated. Insights from
psychological theory can help to improve these models and to better
understand how individuals will behave when they make economic choices
What we do at TIBER
TIBER not only contributes to the building of new
theories of human economic behavior, but also to contribute to the
development of new methodologies to study this behavior.
TIBER also wants to play a role in the societal debate about economic
problems and behavior. How do people decide what position they want to
take on the labor market? What determines the choices consumers make
when they shopping for food or services or for a new car? How do stock
holders make decisions in reaction to relevant or irrelevant market
information? How is the financial behavior of individuals influenced by
their personality and/or by their personal situation?