The Cognition and Decisions lab is a joint venture among principal investigators Michael WoodfordMark Dean and Hassan Afrouzi, faculty members of the Economics Department at Columbia University, and Pietro Ortoleva, Professor of Economics at Princeton University. The lab's aim is to use tools and techniques from Economics, Neuroscience and Psychology to better understand the cognitive processes underlying economic decision making. Current projects include studying the way in which limited attention is allocated during choice and understanding the role of incomplete preferences in economic decision making. For more information, please contact one of the principal investigators.

Latest News

May 04, 2020

Mike's paper with Lab alumni Mel Khaw and Ziang Li, "Cognitive Imprecision and Small-Stakes Risk Aversion," is now forthcoming in the Review of Economic Studies.

April 15, 2020

Congratulations to Teresa and Duarte for receiving a NSF grant for their experimental project "The Effect of Incentives on Choices and Beliefs in Games”!

February 20, 2020

Arthur and Mike have posted a new paper on bioRXiv: "Efficient Coding of Numbers Explains Decision Bias and Noise.

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