Funded projects completed since 1 January 2001

Understanding Focal Points in Bargaining Situations, (grant RES-000-22-3322), on which I am Co Investigator and my colleague Anders Poulsen is Principal -Investigator.

Reconciling Normative and Behavioural Economics, Professorial Fellowship awarded by Economic and Social Research Council, January 2006-March 2009.

What is the Value to Society of a QALY?, NHS R&D Research Methodology Programme and National Institute for Clinical Excellence, 2004-2007, (with colleagues at UEA, the Universities of Newcastle upon Tyne and Aberdeen, and the National Centre for Social Research).

Innovation in Decision Support, Programme 3 of ESRC Programme for Environmental Decision Making, 2001-2004 and 2006-2007, (with Ian Bateman, Brett Day and Graham Loomes).

The Role of Experimental Methods in Economics, Leverhulme Trust, September 2002-August 2005 (with Robin Cubitt, Graham Loomes, Peter Moffatt and Chris Starmer).

Leverhulme Personal Research Professorship, Leverhulme Trust, February 1998 - January 2003.

TRANS-TALK, participation in thematic network of European Union Programme ‘Competitive and Sustainable Growth’, January 2000-June 2001.

Publications since 1 January 2001

Journal Articles

‘The willingness to pay–willingness to accept gap, the “endowment effect”, subject misconceptions, and experimental procedures for eliciting valuations: a reassessment’ (with Andrea Isoni and Graham Loomes).  Forthcoming in American Economic Review.

‘The representation of inalienable rights: games in transition function form’ (with Ben McQuillin).  Forthcoming in Social Choice and Welfare.

‘Spurious complexity and common standards in markets for consumer goods’ (with Alexia Gaudeul).  Forthcoming in Economica.

‘Explanations in search of observations’.  Forthcoming in Biology and Philosophy.

‘How the market responds to dynamically inconsistent preferences’ (with Ben McQuillin).  Forthcoming in Social Choice and Welfare.

'Salience, Inductive Reasoning and the Emergence of Conventions’.  Forthcoming in Journal of Economic Behavior and Organization.

‘The reasoning-based expected utility procedure’ (with Robin Cubitt).  Games and Economic Behavior 71: 328–338 (2011).  http://dx.doi.org/10.1016/j.geb.2010.04.002

 

‘Mutual advantage, conventions and team reasoning’.  International Review of Economics, 58: 9–20 (2011).  http://dx.doi.org/10.1007/s12232-011-0114-0

‘Common fate, game harmony and contributions to public goods: experimental evidence’ (with Luca Corazzini).  International Review of Economics, 58: 43–52 (2011).  http://dx.doi.org/10.1007/s12232-010-0111-8

‘Preference reversals and disparities between willingness to pay and willingness to accept in repeated markets’ (with Graham Loomes and Chris Starmer). Journal of Economic Psychology 31(3): 374–387 (2010). http://dx.doi.org/10.1016/j.joep.2010.01.006

‘Weighting and valuing quality-adjusted life-years using stated preference methods: preliminary results from the Social Value of a QALY Project (with Rachel Baker, Ian Bateman, Cam Donaldson, Michael Jones-Lee, Emily Lanscar, Graham Loomes, Helen Mason, Maria Odejar, Jose Luis Pinto Prades, Angela Robinson, Mandy Ryan, Phil Shackley, Richard Smith and John Wildman). Health Technology Assessment 14 (27): 161pp. (2010). http://dx.doi.org/10.3310/hta14270

'Explaining Focal Points: Cognitive Hierarchy Theory versus Team Reasoning' (with Nicholas Bardsley, Judith Mehta and Chris Starmer).  Economic Journal 120: 40–79 (2010).  http://dx.doi.org/10.1111/j.1468-0297.2009.02304.x  .

'Opportunity as Mutual Advantage'.  Economics and Philosophy. 26: 47–68 (2010).  http://dx.doi.org/10.1017/S0266267110000052

'Can Economics Be Founded on “Indisputable Facts of Experience”? Lionel Robbins and the Pioneers of Neoclassical Economics’.  Economica 76: 857–872 (2009)   http://dx.doi.org/10.1111/j.1468-0335.2009.00793.x  

'On Nudging: A Review of Nudge: Improving Decisions About Health, Wealth, and Happiness', by Richard H. Thaler and Cass R. Sunstein.  International Journal of the Economics of Business, 16, 365–373 (2009).
http://dx.doi.org/10.1080/13571510903227064

'Taste Uncertainty and Status Quo Effects in Consumer Choice’ (with Graham Loomes and Shepley Orr).  Journal of Risk and Uncertainty, 39, 113-135 (2009).
http://dx.doi.org/10.1007/s11166-009-9076-y

'Fraternity, Intrinsic Motivation and Sacrifice:  A Reply to Gui and Nelson’ (with Luigino Bruni), Economics and Philosophy, 25, 195-198 (2009).
http://dx.doi.org/10.1017/S026626710999006X

'Credible Worlds, Capacities and Mechanisms’.  Erkenntnis, 70, 3-27 (2009).
http://dx.doi.org/10.1007/s10670-008-9134-x

'The Changing Relationship between Theory and Experiment in Economics', Philosophy of Science, 75, 621-632 (2008).
http://dx.doi.org/10.1086/594509.

'David Hume’s Treatise of Human Nature', Topoi, 27, 153-159 (2008).
http://dx.doi.org/10.1007/s11245-008-9034-3

'Third-generation Prospect Theory' (with Ulrich Schmidt and Chris Starmer), Journal of Risk and Uncertainty, 36, 203-233 (2008).
http://dx.doi.org/10.1007/s11166-008-9040-2

'Why Incoherent Preferences Do Not Justify Paternalism', Constitutional Political Economy, 19, 226-248 (2008).
http://dx.doi.org/10.1007/s10602-008-9043-7

'Fraternity: Why the Market Need Not Be a Morally Free Zone' (with Luigino Bruni), Economics and Philosophy, 24, 35-64 (2008).

'Nash Equilibrium, Team Reasoning and Cognitive Hierarchy Theory', Acta Psychologica, 128, 402-404 (2008).

'The Value of Opportunities over Time when Preferences are Unstable', Social Choice and Welfare, 29, 665-682 (2007).

'Collective Intentions and Team Agency', (with Natalie Gold). Journal of Philosophy, 104, 109-137 (2007).

'The Road not Taken: How Psychology was Removed from Economics, and How it might be Brought Back', (with Luigino Bruni), Economic Journal, 117, 146-173, (2007).

'Can Ranking Techniques Elicit Robust Values?', (with Ian Bateman, Brett Day and Graham Loomes), Journal of Risk and Uncertainty, 34, 49-66, (2007).

'Finding the Key: The Riddle of Focal Points', (with Ignacio Zamarrón), Journal of Economic Psychology, 27, 609-621, (2006).   

'Hume’s Non-instrumental and Non-propositional Decision Theory', Economics and Philosophy, 22, 365-391, (2006).

'Taking Unconsidered Preferences Seriously', Philosophy, Supplement 59 (‘Preferences and Well-Being’), 209-232, (2006).

'What We Desire, What We Have Reason to Desire, Whatever We Might Desire: Mill and Sen on the Value of Opportunity', Utilitas, 18, 33-51, (2006).

'Experienced Utility as a Standard of Policy Evaluation', (with Daniel Kahneman),  Environmental and Resource Economics, 32, 161-181, (2005).

'Coping with Preference Anomalies in Cost-benefit Analysis: A Market-Simulation Approach', Environmental and Resource Economics, 32, 129-160, (2005).

'Testing Competing Models of Loss Aversion: An Adversarial Collaboration', (with Ian Bateman, Daniel Kahneman, Alistair Munro and Chris Starmer), Journal of Public Economics, 89, 1561-1580, (2005).

'Experiments as Models and Experiments as Tests', Journal of Economic Methodology, 12, 291-302, (2005).

'Why Rationality is not a Consequence of Hume’s Theory of Choice', European Journal of History of Economic Thought, 12, 113-118, (2005).

'The Opportunity Criterion: Consumer Sovereignty without the Assumption of Coherent Preferences', American Economic Review, 94, 1014-1033, (2004).

'Living with Unfairness: The Limits of Equality of Opportunity in a Market Economy', Social Choice and Welfare, 22, 211-236, (2004).

'The Logic of Team Reasoning', Philosophical Explorations, 6, 165-181, (2003).

'Common Knowledge, Salience and Convention: A Reconstruction of David Lewis’s Game Theory', (with Robin Cubitt), Economics and Philosophy, 19, 175-210, (2003).

'Opportunity as a Space for Individuality: Its Value, and the Impossibility of Measuring it', Ethics, 113, 783-809, (2003).

'Do Anomalies Disappear in Repeated Markets?', (with Graham Loomes and Chris Starmer), Economic Journal, 113, C153-166, (2003).

'Reference-dependent Subjective Expected Utility', Journal of Economic Theory, 111, 172-191, (2003).

'On the Theory of Reference-dependent Preferences', (with Alistair Munro), Journal of Economic Behavior and Organization, 50, 407-428, (2003).

'A Microeconometric Test of Alternative Stochastic Theories of Risky Choice', (with Graham Loomes and Peter Moffatt), Journal of Risk and Uncertainty, 24, 103-130, (2002).

'Beyond Sympathy and Empathy: Adam Smith’s Concept of Fellow-feeling', Economics and Philosophy, 18, 63-87, (2002).

'The Bond of Society: Reason or Sentiment?', Critical Review of International Social and Political Philosophy, 4, 149-170, (2001).

'Discovered Preferences and the Experimental Evidence of Violations of Expected Utility Theory', (with Robin Cubitt and Chris Starmer), Journal of Economic Methodology, 8, 385-414, (2001).

'On Money Pumps' (with Robin Cubitt), Games and Economic Behavior, 37, 121-160, (2001).

'Dynamic Decision Making under Uncertainty: An Experimental Investigation of Choices using Accumulator Gambles', (with Robin Cubitt), Journal of Risk and Uncertainty, 22, 103-128, (2001).

'The Evolutionary Turn in Game Theory', Journal of Economic Methodology, 8, 113-130, (2001).

'Positive Confirmation Bias in the Acquisition of Information', (with Martin Jones), Theory and Decision, 50, 59-99, (2001).

'Ken Binmore’s Evolutionary Social Theory', Economic Journal, 111, F213-248, (2001).

Books

Experimental Economics: Rethinking the Rules (with Nicholas Bardsley, Robin Cubitt, Graham Loomes, Peter Moffatt and Chris Starmer).  Princeton University Press, Princeton, N.J.  (2009).

Beyond Individual Choice: Teams and Frames in Game Theory, by Michael Bacharach, edited by Natalie Gold and Robert Sugden, Princeton University Press, Princeton, N.J., (2006).

Economics and Social Interaction, (with Benedetto Gui), edited volume, Cambridge University Press, Cambridge, (2005).

The Economics of Rights, Co-operation and Welfare, second edition, Palgrave Macmillan, Basingstoke, (2004).

Economic Valuation with Stated Preference Techniques: A Manual, (with Ian Bateman and 11 others), Edward Elgar, Cheltenham, (2002).

Book Chapters, Reports and Contributions to Collections/Proceedings

Is there a Distinction between Morality and Convention?  In Norms and Values: Social Norms as Instruments of Value Realisation, eds Michael Baurmann, Geoffrey Brennan and Robert Goodin, Baden-Baden, Nomos Verlagsgesellschaft (2010), pp. 47–65.

Can a Humean Be a Contractarian?  In Perspectives in Moral Science: Contributions from Philosophy, Economics, and Politics in Honour of Hartmut Kliemt, eds Michael Baurmann and Bernd Lahno, Frankfurt. Frankfurt School Verlag (2009), pp. 11–24.

Neither Self-Interest nor Self-sacrifice: The Fraternal morality of Market Relationships in Games, Groups, and the Global Good, ed. Simon A. Levin, Springer, Dordrecht (2009), pp. 259–283.

Capability, Happiness and Opportunity, in Capability and Happiness, eds  Luigino Bruni, Falvio Comim and Maurizio Pugno, Oxford University Press, Oxford (2008), pp. 299-322.

Answers to Five Questions, in Game Theory: Five Questions, eds Vincent Hendricks and Pelle Guldborg Hansen, Automatic Press/ VIP, New York and London (2007), pp. 191-202.

Theories of Team Reasoning, (with Natalie Gold), in Rationality and Commitment, eds Fabienne Peter and Hans Bernhard Schmid, Oxford University Press, Oxford (2007), pp. 280-312. 

Citizens, consumers and clients: Alan Williams and the political economy of cost-benefit analysis in The Ideas and Influence of Alan Williams: Be Reasonable - Do It My Way, eds Anne Mason and Adrian Towse, Office of Health Economics and Radcliffe Publishing, Oxford (2007), pp. 5-18.

Human Nature and Sociality in Economics, (with Nicholas Bardsley), in Handbook of The Economics of Giving, Reciprocity and Altruism, eds Serge-Christophe Kolm and Jean Mercier Ythier, North Holland, Amsterdam, (2006), pp. 731-768.

Correspondence of Sentiments: An Explanation of the Pleasure of Social Interaction, in Economics and Happiness: Framing the Analysis, eds Luigino Bruni and Pierluigi Porta, Oxford University Press, Oxford, (2005), pp. 91-115.

Imitation and Rationality, in Perspectives on Imitation: From Mirror Neurons to Memes,  Volume 2: Imitation, Human Development, and Culture, eds Nick Chater and Susan Hurley, MIT Press, Cambridge, Mass, (2005), pp. 301-316. 
 
Mirror Neurons and Adam Smith’s Theory of Sympathy, in Perspectives on Imitation: From Mirror Neurons to Memes, Volume 2: Imitation, Human Development, and Culture, eds Nick Chater and Susan Hurley, MIT Press, Cambridge, Mass, (2005), pp. 388-391.

Dynamic Decisions under Uncertainty: Some Recent Evidence from Economics and Psychology, (with Robin Cubitt and Chris Starmer), in The Psychology of Economic Decisions,  Vol 2: Reasons and Choices, eds Isabelle Brocas and Juan D. Carrillo, Oxford University Press, Oxford, (2004), pp. 81-107.

Alternatives to Expected Utility: Foundations, in Handbook of Utility Theory: Volume 2:  Extensions, eds Salvador Barbera, Peter Hammond and Christian Seidl, Kluwer, Dordrecht, (2004),  pp. 685-755.

Conceptual Foundations of Cost-benefit Analysis: A Minimalist Account, in Transport Projects, Programmes and Policies: Evaluation Needs and Capabilities, eds Alan Pearman, Peter Mackie and John Nellthorp, Ashgate, Aldershot, (2003), pp. 151-169.

Working papers

The Representation of Alienable and Inalienable Rights: Games in Transition Function Form (with Ben McQuillin).

Common Fate, Game Harmony and Contributions to Public Goods: Experimental Evidence  (with Luca Corazzini)

Is Happiness a Matter for Governments?  A Millian Perspective on Layard’s “New Science” (with Joshua Chen-Yuan Teng)

A Predator-Prey Model of Cooperation in Anonymous Well-Mixed Populations (with Sergio Beraldo)

The Reasoning-Based Expected Utility Procedure (with Robin Cubitt)

Common Reasoning in Games (with Robin Cubitt).

Market Simulation and the Provision of Public Goods: A Non-paternalistic Response to Anomalies in Environmental Evaluation.

Opportunity as Mutual Advantage.

Spurious Complexity and Common Standards in Markets for Consumer Goods (with Alexia Gaudeul).

Can Economics Be Founded on “Indisputable Facts of Experience”? Lionel Robbins and the pioneers of neoclassical economics.

The Willingness to Pay–Willingness to Accept Gap, the “Endowment Effect”, Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Comment’ (with Andrea Isoni and Graham Loomes).

Is there a Distinction between Morality and Convention?

Explaining Preference Reversal with Third-generation Prospect Theory (with Ulrich Schmidt and Chris Starmer).

Preference Reversals and Disparities between Willingness to Pay and Willingness to Accept in Repeated Markets (with Graham Loomes and Chris Starmer).

Ranking Versus Choice in the Elicitation of Preferences (with Ian Bateman, Brett Day, Graham Loomes and Chris Starmer).

The Nature of Salience Revisited: Cognitive Hierarchy Theory versus Team Reasoning.  (with Nicholas Bardsley, Judith Mehta and Chris Starmer).

Fraternity: Why the Market Need not be a Morally Free Zone, (with Luigino Bruni).

Credible Worlds, Capacities and Social Mechanisms.

The Changing Relationship between Theory and Experiment in Economics.

Preference Uncertainty and Status Quo Effects in Consumer Choice, (with Graham Loomes and Shepley Orr).