Budapest, March 17, 2015 – The European Economic Association (EEA) and the Yrjo Jahnsson Foundation named CEU Professor Botond Koszegi the winner of the 2015 Yrjo Jahnsson Award for his contribution to the theoretical foundations of behavioral economics, and its application to public finance and contract theory. The award is accompanied by a €20,000 prize from the Yrjo Jahnsson Foundation.
Koszegi's "influential research on reference-dependent preferences extends the concept of loss aversion by determining the reference point endogenously. The approach has been applied with success to a wide range of economic issues including auctions, firms' pricing behavior, labor supply and savings decisions, and risk preferences," the award selection committee wrote.
"Winning the Jahnsson Award is fantastic. I feel rather lucky in my work as an academic that I get to think about whatever I like and feel is important to the field and I get to talk to many smart and interesting people every day," Koszegi said. "The award means that I have also been able to influence people, and this makes my job all the more fulfilling."
In 1993 the Finnish Yrjo Jahnsson Foundation established a biennial award, called the Yrjo Jahnsson Award in Economics, for a European economist no older than 45 years old who has made a contribution in theoretical and applied research that is significant to economics in Europe. EEA cooperates with the Yrjo Jahnsson Foundation in the selection of the award winners. The first award was presented at the 1993 Helsinki Congress.
Koszegi will be presented with his award during the annual EEA Congress to be held in Mannheim, Germany. The 2015 Yrjo Jahnsson Award Selection Committee members are: Fabrizio Zilibotti (Chair), Mark Armstrong, Timothy Besley, Helene Rey and Juuso Valimaki.
For more information, visit: http://www.eeassoc.org/index.php?site=&page=25&trsz=23.
Central European University (CEU) is a U.S.- and Hungarian-accredited institution of graduate education specializing in the social sciences and humanities, public policy, and business. It seeks to contribute to the development of open societies in Central and Eastern Europe, the former Soviet Union, and emerging democracies worldwide through an educational system rooted in the creative, critical, and comparative examination of ideas. CEU is an advanced center of research and policy analysis that facilitates academic dialogue while preparing its graduates to serve as leaders and scholars.
For more information, visit: www.ceu.edu.