The outstanding research of our Faculty is based on innovative approaches and most up-to-date methods. New and groundbreaking ways of facing the changing economic environment are embraced and fostered, supported by new technical approaches and a keen understanding of our responsibility.
This excellence topic studies the effects of social, cognitive, emotional and neural factors on economic decisions by individuals, firms and institutions.
Organizations, industry and science increasingly rely on decisions based on exact, large-scale and time-sensitive data whose massive amounts require both new technical approaches in quantitative and qualitative analytics as well as new processing skills.
One focus is on the development of methods for estimating causal relationships based both on structural and experimentalist approaches, another on non-linear and dynamic models.
This excellence topic identifies a clear responsibility for the academic profession vis-à-vis other areas of society in which it is embedded. Academia has an obligation to act responsibly in society, but also specifically toward students and taxpayers.