C. Monica Capra is a social naturalist interested in utilizing novel tools to better understand and predict economic behavior in the lab and in the field. She initiated cross-disciplinary collaborations with neuroscientists at Emory University in 2004, where she was an associate professor of economics before joining CGU.
Capra is a native of Bolivia. She received her PhD in economics from the University of Virginia in Charlottesville, her bachelor’s from Franklin and Marshall College with honors, and her IBD from Pearson College in British Columbia, Canada. Capra has received numerous honors and awards, including the Phi Beta Kappa Excellence in Teaching Award (2009); the Fantastic Four: Young Promising Researchers the HUB, Emory Wheel Magazine (2007); and the Top Publishing Liberal Arts Assistant Professor in the US (1991-2001).
Capra serves on the editorial board of Experimental Economics and Frontiers: Decision Neuroscience. She has also served as guest editor of other journals, a panelist for the Behavioral and Social Networks, the National Institute of Health (2014), and the National Science Foundation (2010-12). In 2015 she organized the Claremont Behavioral and Experimental Economics Workshop, and she co-organized the 2006 Economics Science Association World Meeting. Capra has published seven book articles and over 35 journal articles appearing in Proceedings of the Royal Society B, Economic Journal, and the American Economic Review, among others. Between 2014 and 2016 Capra served as chair of economics at CGU.
In her research, Capra has made transdisciplinary studies an important component of her work. She has built on traditional methods by utilizing neuroscience and psychology to better understand decisions that drive economic choice. Capra has made notable contributions in behavioral game theory, including the explicit modeling of introspection with error and the study of the effects of mood and emotions in games and markets. Her contributions to behavioral economics include investigating the role of personality on risk preferences and the choices of adolescents, women, and entrepreneurs. Her collaboration with neuroscientists has led to important contributions in the areas of behavioral finance and moral decision-making.
Co-authored with Bing Jiang, et al. “Can Personality Type Explain Heterogeneity in Probability Distortions?” Journal of Neuroscience, Psychology and Economics, September 2013, 6(3): 151-66.
Co-authored with G. Berns, et al. “The Price of Your Soul: Neural Evidence for the Non-Utilitarian Representation of Sacred Values.” Philosophical Transactions, Proceedings of the Royal Society B, March 2012, 367(1589): 754-62.
Co-authored with C. Camerer, et al. “The Impact of Simple Institutions in Experimental Economies with Poverty Traps.” Economic Journal, lead article, 119(539), July 2009: 977-1009.
Co-authored with G. Berns, et al. “Expert Advice Neurobiologically ‘Offloads’ Financial Decision-Making under Risk.” Public Library of Science One, 4(3), March 2009: 1-14.
“Mood-Driven Behavior in Strategic Interactions.” American Economic Review 94, no. 2 (2004): 367–72.
Co-authored with J. Goeree. “Anomalous Behavior in a Traveler’s Dilemma?” American Economic Review, June 1999, 89 (3): 678-90.