A few examples:
- There are close contacts with the Dutch Central Bank, ECB and the New York
FED to develop behavioural agent-based models of the current financial and
economic crisis. Since the crisis, central bankers are aware of the fact that
behavioural agent-based models and laboratory experiments are crucial in
understanding complex financial and macro systems, in order to be able to manage
the current crisis and prevent future ones.
- The importance of behavioural research in studying markets has been
recognised by the Dutch Central Bank (DNB) in two joint research projects.
- When developing auctions for spectrum rights, the Dutch government has
regularly consulted with this group in order to take behavioural elements into
account in the auction design.
- Together with Dutch charities like the Dutch Arthritis Association and the
Brain Research Foundation, different fund-raising mechanisms have been tested in
- Recently, SenterNovem has provided funding to study behaviourally the
effects of decentralised electricity generation by households.
- In collaboration with the Dutch Ministries of Economic Affairs and Health
Care, researchers of RPA-BE also analysed the way in which consumers decide in
complicated environments with severe uncertainty (like when choosing a health
insurance). The outcome was used by the Dutch government to develop tools meant
to aid consumers in this choice.
- In collaboration with the Dutch Ministry of Education, Culture and Science,
researchers of RPA-BE communicate their findings to government and policy makers
through bimonthly seminars and offer various experimental courses on topics such
as the relevancy of running field experiments.
We intend to continue such joint research efforts to spread our findings on
how important understanding behaviour is for the development of mechanisms. This
knowledge helps the design of auctions, markets, or bonus-arrangements for firm
managements, for example.