We are interested in psychological processes underlying valuation of outcomes in both monetary and non-monetary situations along with antecedents or consequences in different domains. This is a fundamental aspect of thinking that underlies a lot of what we do in life.
We are an academic research group at the Department of HSS at IIT Delhi, led by Sumitava Mukherjee – the first one to advance research on judgment and decision making in India. Our goal is to understand the psychological foundations and cognitive mechanisms underlying judgments and decisions related to valuation which form the fundamentals of behavioral economics.
Multiple biases underlie rejections of gambles, but valuation bias linked to loss aversion remains the important one, not pre-valuation
Risk-aversion in gain frames was sensitive to the number of lives at stake but Risk-seeking in loss frames was not.
Mukherjee's opinion article "Revise the belief in loss aversion" is now among the top 3% of all articles published on Frontiers garnering more than 20,000 views.
Dozens of smart students from different institutions have worked with us at any time of the year. Are you interested?
Do you want to discuss other possibilities including joining in as PG students or as prospective PhD applicants or as prospective postdoctoral fellows?
Mukherjee Decision Lab advances fundamental concepts, psychological foundations and cognitive mechanisms about judgment and decision making.
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