Eldar Shafir – Behavioral economics and psychology of scarcity

Eldar Shafir – Behavioral economics and psychology of scarcity

Presentation in the framework of Business and Poverty Platform

Eldar Shafir develops innovative insights and thinking regarding the issue of poverty (video). He is active at the crosspoints of economy, psychology and sociology. A discipline known as behavioral economics, that lies at the center of i-propeller’s approach. Besides, i-propeller initiates a collaboration with Ideas42, a consulting and research organisation in the U.S. cofounded by Eldar Shafir.

Eldar Shafir also co-published with Sendhil Mullainathan the book “Scarcity: Why Having Too Little Means So Much“.

A few lines about Eldar’s impressive curriculum:

–          Professor in Psychology and Public Affairs, Princeton University (US)

–          Member of President Barack Obama’s Advisory Council on Financial Capability.

–          Top 100 most influential intellectual, Foreign Policy Magazine 2013

Research summary:

Main areas of interest include reasoning, judgment, and decision-making, and issues related to behavioral economics, with an emphasis on descriptive studies of how people make judgments and decisions in situations of conflict and uncertainty. What strategies do people employ in arriving at their decisions? Do these strategies lead to systematic biases and predictable errors? And what do these tell us about the way the mind processes the relevant information? A central theme is the tension between normative assumptions and behavioral findings. Most recently, the focus has been on decision making in the context of poverty and, more generally, on the application of behavioral research to policy. (Source: Psych.princeton.edu)