Cognition and Decision Lab

The Cognition and Decisions lab is a joint venture between principal investigators Mike Woodford, Pietro Ortoleva and Mark Dean, members of the Economics Department of Columbia University. Its 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.



News Updates 

May 23, 2017

-Congratulations to Luis Sanchez, winner of this year's Parker Prize for his senior thesis in the Department of Economics (one of his two senior theses). Luis will be starting the PhD program in Economics at Cornell in the fall.

-Mike is giving a mini-course at the University of Zurich, on "Attentional and Perceptual Foundations of Economic Behavior."
-Mike has also recently presented his work with Mel and Ziang on risk attitudes, in seminars at the London Business School and at the Ecole Normale Superieure, Paris.

March 28, 2017

-Mike gave a talk to the Columbia Neuroscience Societyvon March 27, on the topic "What Can Economics Learn from the Study ofthe Brain?" He will also give a presentation on his work with Mel and Ziang on risk attitudes as a perceptual bias to the Columbia Macro Bag Lunch on March 28, and a seminar on his work with Mel and Luminita Stevens on discrete adjustment at NYU on March 30.

February 10, 2017

- Mike will present his work with Mel and Ziang on "Risk Attitude as a Perceptual Bias" in a Workshop at the Cognitive and Systems Neuroscience meeting (CoSyNe 2017) in Salt Lake City. He will also be presenting this work in seminars at USC and CalTech.
- Mel and Mike have issued a revision of their working paper with Luminita Stevens, "Discrete Adjustment to a Changing Environment:Experimental Evidence," now available as NBER Working Paper no. 22978 and CEPR Discussion Paper no. 11725.
- Evan won Harriss Prize for best second-year paper (runner up) for "Endogenous QRE”.
- Mark and Mike attended the session "Empirical Tests of Rational Inattention" at the ASSA meetings in Chicago. Lumineta Stevens presented her paper with Mike and Mel "Discrete Adjustment to a Changing Environment: Experimental Evidence", while Mark presented his upcoming paper "Experimental Tests of Rational Inattention" (joint with Nate Neligh).
- Mark has been invited to present at NYU and Chicago in the spring.
- Pietro has been invited to present in George Mason, Yale, Stanford, Cornell, LSE, UCL, Queen Mary, Warwick, UCSD.

November 3, 2016

Congratulations to Pablo on his successful defense!

Mark's paper "Limited Attention and Status Quo Bias”  has been accepted for publication at the Journal of Economic Theory.

Mark has been invited to speak at Munich and Maryland next semester. 

Pietro has been invited to talk at Stanford, Yale, Michigan, Virginia Tech, UCSD, London School of Economics, Warwick, University College London, Queen Mary University. He has already presented in the Uncertainty and Action meeting of the Royal Society and Decision Theory conference in Caltech.

October 24, 2016

Mike will present his paper with Mel and Luminita Stevens, "Discrete Adjustment to a Changing Environment: Experimental Evidence," at a conference sponsored by the Journal of Monetary Economics and the Swiss National Bank on October 29.
Mike will give a series of lectures on "Inattentive Choice" at Brown University during the week of November 14, as a Distinguished Lecturer in the Department of Economics.

September 22, 2016

Mike Woodford has added "Optimal Evidence Accumulation and Stochastic Choice" to the paper series. 
Mark Dean’s paper  Satisficing and Stochastic Choice  has been accepted for publication at the Journal of Economic Theory.
Mark Deans’ paper Limited Attention and Status Quo Bias has been updated.
Ambuj and Evan are presenting at Columbia-NYU-Wharton Graduate Student Experimental conference on September 30, 2013.
Pablo officially graduated for his PhD from the Sustainable Development program in SIPA. 
Pietro has presented his paper "Deliberately Stochastic" at NYU.


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