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Psychology + Economics: PERSPECTIVES ON DECISION MAKING

Date: 05/04/2011

Time: 5:30 PM - 7:00 PM

Location: University Hall McNamara Alumni Center

Cost: Free

Description:

What can bringing economics and psychology together tell us?

Research shows that economic success relates to a combination of cognitive skills, human capital accumulation, and personality characteristics. Now, researchers are trying to formulate more accurate predictions of life outcomes, from educational achievement to economic success. 

The recent debate on the relative virtues of different approaches to education or parenting (such as the discussions around Amy Chua's "Battle Hymn of the Tiger Mother") have made clear the need for a systematic evaluation of how character shaping, the formation of social skills, and academics enter into economic and personal success--or compromise it, in the case of psychopathological tendencies. 

Robert Krueger and Aldo Rustichini will present and debate on this topic and related policy implications. The discussion will be moderated by Art Rolnick.

Robert Krueger is the Hathaway Distinguished Professor in the Department of Psychology. His work has focused on psychopathology and related behavioral problems and their social costs. The method he uses develops of empirically-based models of the individual difference domains that underlie tendencies to develop psychopathology.

Aldo Rustichini is a professor in the Department of Economics. He has done research in microeconomic theory, game theory, experimental economics, and neuroeconomics.

Art Rolnick serves as a co-director for the Human Capital Research Collaborative at the University of Minnesota. He previously served at the Federal Reserve Bank of Minneapolis as a senior vice president and director of research and as an associate economist with the Federal Open Market Committee—the monetary policymaking body for the Federal Reserve System. He is a board member of several Minneapolis nonprofit firms, including the Minnesota Early Learning Foundation and Ready 4 K, an advocacy organization for early childhood development.

The event is free and open to the public. Please register online.

Contact:

  • Name: Heller-Hurwicz Economics Institute
  • E-mail: hhei@umn.edu
  • Sponsored by: Heller-Hurwicz Economics Institute, Economics, Psychology

More information: http://hhei.umn.edu

Disability Options:

To request disability accommodations, please contact the Heller-Hurwicz Economics Institute, hhei@umn.edu, 612-625-3781.

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