Chief Executive Officer
briq
Institute on Behavior and Inequality
Network Leader

Armin Falk is Professor in the Department of Economics at the University of Bonn and Chief Executive Officer of briq, the Institute of Behavior and Inequality. He is also Director of the newly founded Center for Economics and Neurosciences. Armin Falk is affiliated with several networks: He is Program Director at the Institute for the Study of Labor (IZA), Fellow at the Centre for Economic Policy (CEPR), Fellow at the Center for Economic Studies (CESifo) and Research Professor at the German Institute for Economic Research (DIW). Falk's research generally aims at increasing the explanatory power of economics by providing it with a more realistic psychological and biological foundation. One of his interests concerns how "non-economic" aspects of human motivation, such as social norms, fairness and reciprocity affect labor markets and labor relations. He explores the "psychology of incentives", i.e., he investigates the interaction between psychological factors and economic incentives. Phenomena such as trust, social comparison, and intrinsic motivation explain why explicit incentives may backfire and why incentive theory should take psychological effects into account. Falk also studies formation and consequences of cognitive and non-cognitive skills. He investigates prevalence, determinants, consequences and origins of risk, time, and social preferences. He also studies the interaction of personality (Big-5, locus of control etc.), IQ and preferences. This research is mostly based on large and representative samples using experimentally validated measures. More recently these methods are complemented with genetic and fMRI analyses as well as intervention studies.

Falk received a B.A. in Philosophy and History and an M.A. in Economics from the University of Cologne in 1991 and 1994 respectively, and a Ph.D. and Habilitation, Venia legendi both in Economics from the University of Zurich in 1999 and 2003 respectively. 

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