Provost/Pro-Rector Liviu Matei presented the 2015 CEU Award for Outstanding Research to Professor Botond Koszegi of the Department of Economics at CEU’s 25th Academic Year Opening Ceremony on September 21, 2015. Similarly to the Yrjo Jahnsson Award Koszegi received earlier this year, the CEU Award for Outstanding Research also recognizes his contribution to the theoretical foundations of behavioral economics, and its application to public finance and contract theory. Koszegi’s influential research on reference-dependent preferences extends the concept of loss aversion by determining the reference point endogenously. His 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 CEU Award for Outstanding Research was founded to recognize outstanding research by CEU faculty that has had a significant international impact. The next round of nominations for this award is due at the end of the Winter term of the next academic year.