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Behavioral Economics - The basics 

The authors

Philip Corr

Philip Corr


Philip Corr is professor of psychology at City, University of London (since 2013), where he was the Programme Director for the MSc Behavioural Economics until 2017. Previously, he held professorial positions at the University of East Anglia (2009-2013), and Swansea University (2004-2009). To express his definite preference and in an attempt to maximize his utility, Philip declined the offer of a doctoral position at Oxford University and, instead, took-up a Medical Research Council Studentship at the Institute of Psychiatry, London where he worked with Jeffrey Gray and Hans Eysenck. His PhD, awarded in 1994, experimentally contrasted the biological personality theories of Eysenck and Gray. Philip has just (2016) published a biography of this world famous psychologist, Hans Eysenck: a contradictory psychology (Palgrave). In addition, Philip has single and co-authored well over 100 papers, many book chapters, and is the author and editor of five books.

Philip has won several awards, starting with the Early Career Development Award (2001), from the International Society for the Study of Individual Differences (ISSID), where later he was honoured by being elected by Society members to the offices of Member of the Board of Directors, and then President-Elect (2013-2015) and President (2015-2017). In the UK, Philip co-founded the British Society for the Psychology of Individual Differences (BSPID), in which he is currently joint elected President.

Philip is most interested in how individual differences in fundamental systems of motivation and emotion relate to economic behaviour. Along with Eamonn Ferguson, Philip co-edited with the Nobel Prize winner in Economics, James Heckman, a special journal issue on personality and economics; and Philip is part of the Identity and Psychology working group (led by Professors Angela Duckworth and Brent Roberts) which is part of the larger Human Capital and Economic Opportunity Working Group, led by the Nobel Prize winning economist James Heckman and Robert Dugger, at the University of Chicago. More about Philip's research: link

​Anke Plagnol 

Anke Plagnol is a senior lecturer in psychology (Behavioural Economics) at City, University of London (since 2013), where she is also the Programme Director for the MSc Behavioural Economics. She was previously a postdoctoral Research Fellow at the University of Cambridge in the Department of Sociology where she conducted research on subjective well-being and gender equality. At Cambridge, Anke had an Early Career Fellowship from the Leverhulme Trust and the Isaac Newton Trust, Cambridge, and was also a Research Fellow at Darwin College.

Although an economist by training, her research is interdisciplinary, drawing on theories and methods from economics, psychology and sociology. Anke is interested in the choices that individuals make and how these affect their subjective well-being, for instance to what extent a woman's decision to return (or not to return) to work after childbirth influences her overall satisfaction with life. She completed her PhD in 2007 at the University of Southern California under the supervision of Richard A. Easterlin, who is widely known as the founder of the economics of subjective well-being. Anke was his first student to focus her whole PhD dissertation on this new field in economics, which considers individuals’ own judgment of their well-being and its determinants.

Her findings have been published in numerous interdisciplinary, economics and demography journals as well as in book chapters, policy briefs, and she also edited a book in collaboration with Prof Jacqueline Scott and Prof Shirley Dex. Her research has been recognised by several awards, including a Best Dissertation Award by the International Society for Quality of Life Studies (2007), and the SOEP-Prize in 2007 (second prize) for the best publication of a junior researcher using the German Socio-Economic Panel. More about Anke's research: link

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