Economic activity cannot be explained solely by modeling rational behavior. Our partnership with the Kiel Institute brings interdisciplinary scholars together to develop new perspectives on human motivation and decision-making.
We have entered into a partnership with the Kiel Institute in Germany to further the study of new economic ideas. The Kiel Institute is an international center for research in global economic affairs, economic policy consulting, economic education and documentation.
The new perspectives derived from the partnership with Kiel will be used to develop fresh paradigms for economic model building. For example, they will give human emotions, motivational states, personality traits, reflexivity, interpersonal relations, social norms, identity formation, and moral principles a central role in helping to explain economic activities.
