PhD Program

Finance
Behavioral Science
Joint Program in Financial Economics

Behavioral Science

Behavioral science focuses on how people use information and make decisions and how they interact with one another in dyads, groups, and organizations. Studies in this area draw on theory and research from cognitive and social psychology, economics, and other related fields.

Behavioral science applies these disciplines to the study of human behavior relevant to a range of different managerial contexts. Examples include:

  • Cognitive processes of judgment and decision making
  • Psychological aspects of economic behavior
  • Learning, reasoning, and problem solving by individuals, groups, and organizations
  • Processes of negotiations
  • Power and influence
  • Teamwork and group processes
  • Organizational decision making

Students may design their research based on their intellectual interests in business and other areas, as well as on their career intentions. Behavioral science students take courses in other departments such as psychology, sociology, public policy, and economics, depending on what is most relevant to their research.

The Behavioral Science program also offers the Joint Program in Psychology and Business, which is run jointly by the behavioral science dissertation area at Chicago Booth and the Department of Psychology in the Division of the Social Sciences at the University of Chicago.

For more details about the PhD Program in behavioral science at Chicago Booth, see General Examination Requirements - By Area in the PhD Program Guidebook (PDF).

To learn more about the research being done by current PhD students, please view a listing of proposals and defenses across dissertation areas.

Meet the Faculty
Explore research interests, publications, and course offerings of Behavioral Science Dissertation Area faculty.

Christopher Bryan
Assistant Professor of Behavioral Science

Research Interests: Psychological influence, behavioral decision-making, and political psychology with a particular interest in psychology as it relates to social and public policy
Faculty Profile

Eugene Caruso
Associate Professor of Behavioral Science

Research Interests: Social judgment, group decision making and negotiation, egocentrism, perspective taking, and ethics
Faculty Profile | Personal Website

Nicholas Epley
John Templeton Keller Professor of Behavioral Science

Research Interests: The experimental study of social cognition, perspective-taking, and intuitive human judgment
Faculty Profile | Personal Website

Ayelet Fishbach
Jeffrey Breakenridge Keller Professor of Behavioral Science and Marketing

Research Interests: Social psychology, with specific emphasis on motivation, emotion, and decision making
Faculty Profile | Personal Website

Reid Hastie
Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science

Research Interests: Judgment and decision making (managerial, legal, medical, engineering, and personal), memory and cognition, and social psychology
Faculty Profile

Christopher Hsee
Theodore O. Yntema Professor of Behavioral Science and Marketing

Research Interests: The interplay among psychology and economics, happiness, marketing, and cross-cultural psychology
Faculty Profile | Personal Website

Ann McGill
Sears Roebuck Professor of General Management, Marketing, and Behavioral Science

Research Interests: Consumer and manager decision making, with special emphasis on causal explanations, differences in judgments in public and private, and the use of imagery in product choice
Faculty Profile

Ed O'Brien
Assistant Professor of Behavioral Science

Research Interests: Social cognition and hedonic processes
Faculty Profile | Personal Website

Devin Pope
Assistant Professor of Behavioral Science and Robert King Steel Faculty Fellow

Research Interests: Behavioral economics, with special interest in empirically testing the impact of psychological biases in economic markets
Faculty Profile | Personal Website

Jane Risen
Associate Professor of Behavioral Science

Research Interests: Judgment and decision making, belief formation, magical thinking, stereotyping and prejudice, and managing emotion
Faculty Profile | Personal Website

Anuj Shah
Assistant Professor of Behavioral Science and Neubauer Family Faculty Fellow

Research Interests: How decision makers deal with limited resources
Faculty Profile | Personal Website

Thomas Talhelm
Assistant Professor of Behavioral Science

Research Interests: How culture affects the way we behave
Faculty Profile

Richard Thaler
Charles R. Walgreen Distinguished Service Professor of Behavioral Science
Economics Faculty Director, Center for Decision Research

Research Interests: Behavioral economics and finance; the psychology of decision making
Faculty Profile | Personal Website

Bernd Wittenbrink
Robert S. Hamada Professor of Behavioral Science

Research Interests: Experimental social psychology, specifically the influence of stereotypes on social judgments
Faculty Profile | Personal Website

George Wu
John P. and Lillian A. Gould Professor of Behavioral Science

Research Interests: The psychology of individual, managerial, and organizational decision making; decision analysis; and cognitive biases in bargaining and negotiation
Faculty Profile | Personal Website