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Risks, Preferences and Behaviors

Research in this area starts from a double hypothesis. On one hand, it is accepted that the world in which economic agents interact is complex, constantly changing and characterized substantially by risk and uncertainty. On the other hand, it is considered that the behavior of economic agents are not only the result of a rational calculation and optimization, but they are context dependent in which it operates: social, cultural, economic, financial, environmental, etc. Hence in order to process the information they have, agents apply simplified reasoning processes.

Objectives of the research in this axis is to develop an analytical framework, both for preferences and behavior of agents but also the world around them, to give agents themselves but also policy makers effective tools for decision making.

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