The AXA Research Fund Awards its First Grant in Asia to NUS for a Study on the Biology of Decision Making Under Risk
The AXA Research Fund, a major and innovative initiative of scientific philanthropy supported by the worldwide insurance group AXA, is awarding 517,000 Euros (S$904, 079) over a period of 3 years, to the National University of Singapore (NUS) to undertake a research project on the "Biology of Decision Making under Risk". This marks the first time the AXA Research Fund has awarded a grant to a university in Asia.
The research project seeks a deeper understanding of the biological mechanisms underpinning individual differences in how people take risks by bringing together methodologies from behavioral and experimental economics and the biological sciences. The study will generate quantitative phenotypes that can propel advances in understanding the molecular architecture of human decision making in a risky environment.
The research study will be led by Prof Richard P. Ebstein and Prof Chew Soo Hong of NUS' Department of Psychology and Department of Economics respectively.