Lecture on “Behavioral and Experimental Ecnomics” of Professor Eberhard Feess, Victoria University of Wellington

Representing the Department of International Economics, the seminar was attended by faculty members Dr. Pham Thi Mai Anh, MSc. Tran Thi Thuy Linh, MSc. Hoang Ngoc Bich, along with students from the Faculty of Internatioanl Economics, Diplomatic Academy of Vietnam.

Professor Eberhard Feess is currently a Professor of Economics at Victoria University of Wellington. He holds two PhD degrees in Sociology and Economics. He has published numerous peer-reviewed articles including highly ranked journals such as the European Economic Review and Games & Economic Behavior and more than 10 books, focusing on applied microeconomics, the economic analysis of law, game theory, and experimental and behavioral economics. He carried out many projects for Ministries, the Anti-Trust Agency, and the Agency for International Cooperation (with developing countries) in Germany. He has supported competition policy in many countries in South East Asia and the Caucasus region. He worked as a consultant for many companies including e.g. VW, Deutsche Lufthansa AG, and Generali. His current research focuses mainly on Behavioral Economics and on factors that influence decisions on morally questionable choices.

Starting the seminar, Professor Eberhard Feess presented the theoretical foundations of Behavioral and Experimental Economics, as well as the benefits and limitations of this economic research method. He illustrated these concepts and research methods with classic examples from famous economists. Notably, the professor designed and conducted several experimental exercises in class, providing students with a vivid and concrete understanding of the factors influencing individual decisions.

Furthermore, Professor Feess also shared his experience with experimental research methods in behavioral economics. Through these insights, students learned about the process of conducting scientific research, from collecting survey data to analyzing on the results, linking them to practical factors. For example, the behavior of the survey participants could be influenced by factors such as psychology, gender, and environment. The professor emphasized that the results of this research somewhat explained the economic behaviors conducted in reality.

The lecture concluded with a Q&A session between FOIE students and Professor Eberhard Feess on the practical application of behavioral and experimental economics theories in companies and large corporations, as well as his views on economic issues, such as carbon credits…

The Faculty of International Economics at the Diplomatic Academy of Vietnam extends its profound gratitude to Professor Eberhard Feess for sharing his valuable knowledge with the students. We wish him robust health, continued success in his professional endeavors, and further accomplishments in his scholarly pursuits.