Its called Fehr Advice!
Traditional economic research assumes that managers, employees, customers, and suppliers usually make rational decisions and thus do not make systematic decision errors. Behavioral economics, however, has found numerous proofs that people make systematic decision errors that limit their own welfare and also diminish efficiency, perceived fairness, and the profitability of firms.
It was for this reason that FehrAdvice & Partners AG developed the consulting approach BEA™ that is based on empirical insights about the human tendency to make erroneous decisions. This approach systematically includes this knowledge in consulting activities. Our consultants have a “trained eye” in the area of behavioral economics, and the innovative methods of empirical research we use allow us to identify potential areas of improvement in enterprises, markets, and organizations that were previously ignored.
They have a blog (in German), they are on Twitter, and they are hiring.
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September 1, 2011 at 10:27 am
Assorted links — Marginal Revolution
[…] 2. Behavioral management consulting from Ernst Fehr. […]
September 1, 2011 at 2:22 pm
Tilman Borgers
What I like best about FehrAdvice, is that they have trademarked the expression “behavioral economics approach” (http://www.fehradvice.com/en/our_consulting). Does this means that whenever anyone seeks to take a “behavioral economics approach” in their papers, they first have to approach FehrAdvice for permission if they want to use these words?
September 1, 2011 at 5:47 pm
jeff
Dear Tilman, I am sorry but on the advice of the Cheap Talk legal department I’m going to have to edit out those words from your comment.
September 1, 2011 at 8:31 pm
Tilman Borgers
Jeff, Thank you for taking care of this. You guys have a very good legal department! I am impressed.
September 18, 2011 at 2:09 am
Anonymous
fresh ideas…worth following up on