Behavioral Political Economy
Matthew Lebo, Ph.D.
|Academic Units and Collaborating Faculty:||Political Science||
|College of Business||
Behavioral Political Economy studies how individual-level mechanisms, beliefs, and decision-making processes relate to economic decisions. Grounded in the psychology of decision theory and primarily relying on experimentation, it is a bottom-up approach to understanding actual market behavior as opposed to relying on theoretical assumptions of how rational consumers should behave in a global economy. With this new cluster, Stony Brook will become a national leader in behavioral economics, political economy, laboratory experiments, and income inequality. Scientists from the Departments of Political Sciences, Economics, and the College of Business will be part of this cutting-edge, world-class research group, while building on their existing strengths in these areas. This cluster initiative is spearheaded by Dr. Matthew Lebo, Director of Graduate Studies with Stony Brook’s Department of Political Science.