Home Facilities Centre for Experimental and Behavioral Economics
Behavioral and Experimental Economics are new exciting fields in the Economics space. Developed countries like the U.K., U.S. and Australia have already started experiencing the benefits of behavioural interventions in public policy schemes related to areas as diverse as retirement planning, unemployment, healthcare, education and promoting charitable behavior. Corporations across the world have begun to use behavioural economics to improve employee productivity and hiring and promotion policies, increase efficiency of marketing strategies and assist investors in optimizing returns on savings.
Behavioral Economics incorporates insights from other social sciences like psychology and sociology to enhance our understanding of how and why individuals make decisions that, from the perspective of standard economic theory, appear irrational. These insights can improve predictions about behaviour and therefore help authorities to nudge people in the desired direction.
Experimental Economics is a widely-used research method to explore the validity of standard economic theories. Results of carefully designed and scientifically conducted experiments has played a critical role in contributing to advancement mainly in development and behavioural economics.
Symbiosis School for Economics (SSE) strives to be at the forefront of empirical and collaborative research with local and national level Government bodies as well as private organizations. As part of our endeavour to achieve this objective SSE has established the Centre for Experimental and Behavioral Economics.
The Centre for Experimental and Behavioral Economics (CEBE) has been created to provide a platform to faculty and student researchers interested in investigating behavior patterns and decision-making process by conducting experimental & behavioural study. The Centre aims to cater to the needs of students and researchers with respect to understanding concepts of Behavioral and Experimental Economics by organizing workshops as well as to enable researchers to administer experiments through training programmes mainly in laboratory experiments. The Centre also aspires to undertake and collaborate for research projects in the areas of consumer preferences, identity & institutional economics, public policy and development and gender economics.
To ensure that all experiments are conducted as per international standards, the Centre has an Ethical Committee to preapprove all experimental research activity conducted here.
Dr. Savita KulkarniDr. Kulkarni is a full-time faculty at Symbiosis School of Economics since November 2014. She has completed her doctoral research in development economics using laboratory experiments from University of Mumbai, Maharashtra, India in 2014. She was also awarded a four-year fellowship of Centre for Computational Social Sciences at University of Mumbai, funded by University Grants Commission (UGC), India. She won second prize in the “National Research Student Convention: Anveshan 2013” organized by the Association of Indian Universities, New Delhi for research work based on a trust experiment in Gender economics. She has been part of the local team for numerous laboratory experiments conducted by various international researcher scholars from University of Warwick, Yale University and University of Nottingham. She has also done an experimental market study for a Mumbai-based media agency. She is a member of Policy for Economic Partnership (PEP), an international research network promoting experimental evaluative studies through RCTs. Her research has been published in the esteemed magazine Economic & Political Weekly. Her interest areas include development economics, behavioral economics, experimental economics, identity and institutional economics.
Ashlesha Khedekar-SwaminathanAshlesha is an Adjunct Faculty at Symbiosis School of Economics since June 2014. She is pursuing her doctoral research in behavioural economics at Symbiosis International University. Ashlesha has more than 11 years of work experience in the Treasury departments of HDFC Bank and ABN AMRO Bank handling trading, hedging products and client advisory. She has worked closely with organization behaviour experts for more than three years at FLAME University conducting interventions and training programs for Indian and multinational companies. Ashlesha regularly consults for various organizations on behavioural design interventions in areas like rewards and recognition and employer branding, client risk assessment for investment advisors, strategies for marketing luxury goods and investment art. She contributes articles on investor behaviour to www.investorsareidiots.com. Her interest areas include Behavioral economics and finance, Identity and Gender Economics.