BEEP
The Center for Behavioral Economics, Experiments and Public Policy (BEEP) at Purdue University makes fundamental research contributions in the emerging field of behavioral and experimental economics.
Housed in the Daniels School of Business’ Economics Department, the center brings together faculty, students and partners who combine theoretical insights with data from controlled experiments to better understand human decision making. This basic scientific research provides solid empirical foundations to address important public policy and management questions.
“Behavioral economics is interdisciplinary, combining insights and methodology from economics, psychology, neuroscience, and related fields. We are fusing theory and data to better understand decision making.”
— Tim Cason, Director, Center for Behavioral Economics, Experiments and Public Policy
The Center for Behavioral Economics, Experiments and Public Policy houses the Daniels School’s Vernon Smith Experimental Economics Laboratory (VSEEL), named for the renowned economist.
Purdue University is recognized as a birthplace of the field of experimental economics, an innovative methodology that led directly to the new field of behavioral economics — the mixture of psychology and economics.
Vernon Smith received the 2002 Nobel Prize in Economics for establishing laboratory experiments as a tool in empirical economic analysis through work he began at Purdue (1955-1967). Following this founding tradition, the university is now home to one of the largest and most productive groups of experimental and behavioral economists in the world, especially distinguished by experimental work inspired directly by economic theory.
Learn more about the Center for Behavioral Economics, Experiments and Public Policy by contacting Director Tim Cason, Gadomski Chair in Economics, at beep@purdue.edu and (765) 494-1737.
Behavioral economics seeks to develop accurate models of human behavior for economic decision-making. It is fundamentally evidence-based, requiring data from naturally occurring economic outcomes as well as field and laboratory experiments.
You can support data-gathering, field, and laboratory experiments conducted by faculty affiliated with the Center for Behavioral Economics, Experiments and Public Policy.
