Tag "economics"

Why simulate an auction? How do experiments in economics differ from those in psychology? Assistant Professor Alexander Usvitskiy, Head of the Laboratory for Experimental Economics and Finance, discusses the laboratory's activities and research approaches.

HSE researchers have found that the likelihood of quitting smoking rises with increasing financial struggles. While low levels of financial difficulties do not affect smoking behaviour, moderate financial stress can increase the probability of quitting by 13% to 21%. Responses to high financial stress differ by gender: men are almost 1.5 times more likely to give up cigarettes than under normal conditions, whereas no significant effect is observed on women’s decisions to quit smoking. These conclusions are based on data from the Russia Longitudinal Monitoring Survey (RLMS-HSE) for 2000–2023 and have been published in Monitoring of Public Opinion: Economic and Social Changes. 

Scientists at HSE University have found that current AI models, including ChatGPT and Claude, tend to overestimate the rationality of their human opponents—whether first-year undergraduate students or experienced scientists—in strategic thinking games, such as the Keynesian beauty contest. While these models attempt to predict human behaviour, they often end up playing 'too smart' and losing because they assume a higher level of logic in people than is actually present. The study has been published in the Journal of Economic Behavior & Organization.

On November 11, 2024, during Economist Day in Russia, Maxim Reshetnikov, Russian Minister of Economic Development, spoke to students of the HSE Faculty of World Economy and International Affairs about Russia’s foreign economic activities, how the country managed to withstand unprecedented sanctions pressure, and the current state of its development.

The Faculty of Economic Sciences is launching its annual prediction contest. On October 14, the Nobel Committee will announce the winners of the Sveriges Riksbank Alfred Nobel Prize in Economic Sciences live on air. You have time to prepare and explore the landscape of contemporary economic thought. What topics and areas are considered particularly important and promising at the moment? Anyone can win.

The Roland Garros tennis tournament, one of the most prestigious in the world, began on May 26. The prize money for this year's French Open totals nearly 54 million euros, with athletes competing in both singles and doubles events. In doubles tennis, choosing the right strategy for a match is crucial. Athletes' ability to adapt to the dynamics of the match and strategically choose the server can earn the pair up to 5% more points, according to Nikolai Avkhimovich, doctoral student and research fellow at the Laboratory of Sports Studies of the HSE Faculty of Economic Sciences. A paper with the study findings has been published in Applied Economics.