Axel Ockenfels will become a new director at the Max Planck Institute for Research on Collective Goods in Bonn in August 2023. He will establish a new department there, to be called "Economic Design & Behavior". Its aim will be to design market, incentive, and decision architectures, based on modern behavioral research. The appointment of Prof. Ockenfels and the establishment of the new department are important steps for the MPI in Bonn and the University of Cologne towards promoting cutting-edge research that abandons outdated dogmas in economic research and contributes to solving the pressing social and economic challenges.

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