Eugenio Proto
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eugenioproto.bsky.social
Eugenio Proto
@eugenioproto.bsky.social

Professor of Economics University of Glasgow, CEPR, IZA and CesIfo. Behavioural, Experimental Economics . Mental Health. Website: https://sites.google.com/view/eugenioproto-research/home

Psychology 28%
Economics 20%
Pinned
hello, I am here now as well

A Nobel Prize dedicated to the forces driving technological progress — and a reminder to reflect on the waves of creative destruction that AI may soon unleash.

www.nobelprize.org
The official website of the Nobel Prize - NobelPrize.org
The Nobel Prize rewards science, humanism and peace efforts. This is one of the central concepts in the will of Alfred Nobel, and it also permeates the outreach activities that have been developed for...
www.nobelprize.org

Why it matters?
These insights speak to how humans adapt when the unexpected becomes reality.

And they matter for macroeconomists studying economies after large, unanticipated shocks. (5/5)

The main takeaway: people are surprisingly good — on average — at adapting to new realities, combining pre- and post-shock information wisely. (4/5)

We test reverse Bayesianism — a framework where unforeseen events leave relative prior likelihoods unchanged.

Our experiments show:
🔹 If the new world resembles the old, people update gradually.
🔹 If a regime change is possible, they overhaul their entire model.
(3/5)

The paper asks: how do people update their beliefs when faced with events they never anticipated?
Bayesian learning dominates economics — but it says nothing about “unknown unknowns.” (2/5)

Reposted by Daniel Stone

Thrilled to share that our article

“Revising Beliefs in Light of Unforeseen Events” is forthcoming in the Journal of the European Economic Association (JEEA).

(with C. K. Becker, T. Melkonyan, @andissofianos.bsky.social Sofianos, S.T. Trautmann)

(1/5)

👉 academic.oup.com/jeea/advance...
Revising Beliefs in Light of Unforeseen Events
Abstract. Bayesian updating is the dominant theory of learning. However, the theory is silent about how individuals react to events that were previously un
academic.oup.com

And just when you think you’ve hit rock bottom, it goes deeper.
Firing the BLS Commissioner because you don't like the data is a dark day.
Firing the BLS Commissioner because you don't like the data is a dark day.

Thank you for the invitation to this wonderful workshop. It was a real pleasure participating.

(Yes, that stunning background is real!)
Group picture at the workshop "The Demand for Bad Policy - Why do citizens support policies that harm society?" organised by Paolo Roberti at @unibz.bsky.social LINK: www.unibz.it/en/events/th... @eugenioproto.bsky.social @federicoboffa.bsky.social @mbigoni.bsky.social @ollefolke.bsky.social

Reposted by Eugenio Proto

Group picture at the workshop "The Demand for Bad Policy - Why do citizens support policies that harm society?" organised by Paolo Roberti at @unibz.bsky.social LINK: www.unibz.it/en/events/th... @eugenioproto.bsky.social @federicoboffa.bsky.social @mbigoni.bsky.social @ollefolke.bsky.social

Yes, broadly speaking
Asylum-seekers get £49 a week loaded onto a pre-paid card if they're not in catered accommodation. They get £10 if they are. And yet nearly a third of voters think government spending helps 'immigrants' **most of all**. Insane and frightening.

Comunque è buono per tutti i nipoti del mondo

Reposted by Eugenio Proto

Investing in behavioral science is key to building smarter, more compassionate policy. Grateful to see programs like this shaping the next generation of changemakers, this is what exactly the world need.

📢Applications are now open for the 2024/25 academic year for the MSc in Behavioural Science.

This unique programme is co-run by the Adam Smith Business School and the School of Psychology & Neuroscience.

📢Several full scholarships are available :

www.gla.ac.uk/postgraduate...
University of Glasgow - Postgraduate study - Taught degree programmes A‑Z - Behavioural Science
The Masters in Behavioural Science is a unique programme co-run by the Adam Smith Business School and the School of Psychology & Neuroscience. It aims to shape tomorrow’s behavioural scientists throug...
www.gla.ac.uk

I would be happy to be there as well, thanks

In the English translated version

This is definitely a good book to read for a 14yo, interested in behavioural economics !

Our experiments are only as strong as their ability to be replicated

Pleased to see our 2022 study on intelligence & strategy in repeated games validated by a high-powered experiment.

Thanks to Michalis & Graeme.

Enjoying the Finnish Summer

Starmer made strategic and communication’s mistakes, yes. But left wing media should be more constructive , it is not easy to re-invent a left wing party in periods like these

Reposted by Eugenio Proto

Poorly led, strategically inept and shorn of democracy. Now I truly fear for this Labour government | John McDonnell
Poorly led, strategically inept and shorn of democracy. Now I truly fear for this Labour government | John McDonnell
The welfare bill passed, but it was chaos. A party this dysfunctional and divided cannot escape the wrath of voters at the next election, says John McDonnell, former Labour shadow chancellor
www.theguardian.com

Pre-school Head Start certificate. My wife in Boston 1977, another era in politics. Will ever come back?

If you are tired of Trump and considering to come back to the old continent, this endowed Chair is a fantastic opportunity and Glasgow is a fantastic city.

econjobmarket.org/positions/11...
EJM - Econ Job Market
econjobmarket.org

Unhappiness & distrust fuel populism.

Chapter 7 of the 2025 World Happiness Report shows low life satisfaction predicts support for populists—from Trump to Brexit.

Less trust, more anger = votes for “strongmen.”

🔗 worldhappiness.report/ed/2025/trus...

#Populism #Trust
Trusting others: How unhappiness and social distrust explain populism
The World Happiness Report is published by the Wellbeing Research Centre at the University of Oxford, in partnership with Gallup, the UN Sustainable Development Solutions Network and an independent ed...
worldhappiness.report

We welcome the submission of full papers or extended abstracts by Wednesday 30th April 2025.

Papers received after this deadline will also be considered where feasible.

Please submit your work for consideration to: behavioural-science-conf@glasgow.ac.uk
Join us for the 2nd Scottish Behavioural Sciences Conference 2025 @uofglasgow.bsky.social @uofgasbs.bsky.social

in Scotland a cradle of behavioural science since the days of Adam Smith & David Hume

gla.ac.uk/schools/busi...

Reposted by Eugenio Proto