2 PhD Studentship in Health Economics - Erasmus School of Economics
PhD Studentship Erasmus School of Economics
The Erasmus School of Economics (FEW) has more than 4000 students in
Economics, Econometrics and in Master's Programs.It has a long
tradition of
research in a wide range of areas. A large part of the research takes
place
within the Tinbergen Institute. The Faculty employs over 400 people.
The
candidates for this project will participate in the
Decision-and-Uncertainty
group at the Econometric Institute
http://www.few.eur.nl/few/index.cfm/site/Erasmus%20School%20of%20Economics/pageid/706BB297-9188-8AEA-8E34D3CF1F4A2F8E/index.cfm
and the Health Economics Department. We are an enthusiastic and
internationally active group, specialized in decision theory, and we
collaborate with psychologists and mathematicians.
Title of project: "Risk and Rationality: Using Empirical Findings from
Prospect Theory to Improve Rational Decisions in Health and Other
Fields."
Project
Prospect theory, the model for decision under risk introduced by
Kahneman &
Tversky (1979), is immensely popular among psychologists and in applied
economic domains where risk plays a role. Its importance was recognized
through the 2002 Nobel prize in economics, and it is also widely used
in
medical applications. Prospect theory assumes that, besides (i)
rational
factors based on utility and additive probabilities that are studied in
classical approaches, other factors play a role. Such factors are (ii)
people's sensitivity towards (lack of) information, modeled through
subjective probabilities that can be nonadditive, and (iii) loss
aversion
-the special sensitivity of people towards losses. Remarkably, not many
theoretical results have been developed for prospect theory, and
empirical
tests have been based on ad hoc interpretations of the concepts of the
theory so far. This project aims to develop theoretical foundations
and,
thereby, critical empirical tests for these concepts. It applies its
findings primarily to the health domain. Other fields of application
are
insurance, finance, experimental game theory, finance, and/or other
areas,
depending on the candidate's background.
Requirements
We search for two candidates. The desired candidates have a Master's
degree
in a quantitative discipline. Knowledge of mathematics, game theory,
statistics, econometric analyses, and/or programming skills are a plus.
Conditions
The position will be for a maximum of four years. The gross monthly
salary
will be approximately € 1,933 in the first year, increasing to € 2,472
in
the fourth year. There will also be an 8% holiday allowance.
Please email applications, including a cover letter, and a CV, to Peter
P.
Wakker, Wakker@few.eur.nl
as soon as possible. In the case of future rounds we will ask to
provide
recommendations from academic references.
Information can be obtained from either of the two supervisors, being
Professor Peter Wakker (http://www.fee.uva.nl/creed/wakker) and
Professor
Han Bleichrodt (http://people.few.eur.nl/bleichrodt/).
-------------------------------------------------
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The Erasmus School of Economics (FEW) has more than 4000 students in
Economics, Econometrics and in Master's Programs.It has a long
tradition of
research in a wide range of areas. A large part of the research takes
place
within the Tinbergen Institute. The Faculty employs over 400 people.
The
candidates for this project will participate in the
Decision-and-Uncertainty
group at the Econometric Institute
http://www.few.eur.nl/few/index.cfm/site/Erasmus%20School%20of%20Economics/pageid/706BB297-9188-8AEA-8E34D3CF1F4A2F8E/index.cfm
and the Health Economics Department. We are an enthusiastic and
internationally active group, specialized in decision theory, and we
collaborate with psychologists and mathematicians.
Title of project: "Risk and Rationality: Using Empirical Findings from
Prospect Theory to Improve Rational Decisions in Health and Other
Fields."
Project
Prospect theory, the model for decision under risk introduced by
Kahneman &
Tversky (1979), is immensely popular among psychologists and in applied
economic domains where risk plays a role. Its importance was recognized
through the 2002 Nobel prize in economics, and it is also widely used
in
medical applications. Prospect theory assumes that, besides (i)
rational
factors based on utility and additive probabilities that are studied in
classical approaches, other factors play a role. Such factors are (ii)
people's sensitivity towards (lack of) information, modeled through
subjective probabilities that can be nonadditive, and (iii) loss
aversion
-the special sensitivity of people towards losses. Remarkably, not many
theoretical results have been developed for prospect theory, and
empirical
tests have been based on ad hoc interpretations of the concepts of the
theory so far. This project aims to develop theoretical foundations
and,
thereby, critical empirical tests for these concepts. It applies its
findings primarily to the health domain. Other fields of application
are
insurance, finance, experimental game theory, finance, and/or other
areas,
depending on the candidate's background.
Requirements
We search for two candidates. The desired candidates have a Master's
degree
in a quantitative discipline. Knowledge of mathematics, game theory,
statistics, econometric analyses, and/or programming skills are a plus.
Conditions
The position will be for a maximum of four years. The gross monthly
salary
will be approximately € 1,933 in the first year, increasing to € 2,472
in
the fourth year. There will also be an 8% holiday allowance.
Please email applications, including a cover letter, and a CV, to Peter
P.
Wakker, Wakker@few.eur.nl
as soon as possible. In the case of future rounds we will ask to
provide
recommendations from academic references.
Information can be obtained from either of the two supervisors, being
Professor Peter Wakker (http://www.fee.uva.nl/creed/wakker) and
Professor
Han Bleichrodt (http://people.few.eur.nl/bleichrodt/).
-------------------------------------------------
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