Pedro Rey Biel
Associate Professor, Department of Economics, Finance and Accounting in ESADE
Contracted Doctoral Professor URL


  • Doctor of Philosophy. University of London
  • Licenciado en Economía. Universidad Complutense de Madrid

Areas of interest

  • Health Economics
  • Experimental Economics
  • Public Policy
  • Behavioral Economics


Pedro Rey Biel is Associate Professor of Behavioral Economics at ESADE, Ramon Llull University (Barcelona, Spain). He obtained his Master Degree in Economics and Finance from CEMFI (Bank of Spain) and a Ph.D. in Economics from University College London (United Kingdom). Before joining ESADE in April 2018, he was a tenured faculty member at Universitat Autònoma de Barcelona. Since 2008 he has held a visiting position at the Rady School of Management at University of California San Diego (UCSD), where he has taught MBA courses on Managerial Economics and on Strategy. Pedro has also been the lead behavioral scientist behind All of Us, the United States Precision Medicine Initiative started by President Obama.

Pedro's research combines theoretical and empirical methodologies, as well as laboratory and field experiments to understand economic decision making and how it is affected by the design of proper incentive schemes which take into account the complex array of behavioral traits behind human motivation. He has published articles in leading academic journals in economics such as The Journal of European economic Association, The Journal of Economic Perspectives, The Economic Journal, and The Journal of Public Economics and in the leading field journals such as Games and Economic Behavior, Journal of Economic Behavior and Organization and Experimental Economics. His work has also appeared regularly in popular outlets, such as The Wall Street Journal, or The Financial Times. He is also one of the editors of the most popular blog about Economics in Spain ( He currently serves on the Editorial Board of the Journal of Economic Behavior and Organization, NPJ Digital Medicine (Nature) and Journal of Socio-Economics.

Pedro also collaborates with public and private institutions in the applications of behavioral economics to optimal organizational design and has conducted large RCTs for several leading companies.

Pedro's personal webpage can (currently) be found here:

Pedro's complete CV is here:

Selected publications

Iriberri, N. & Rey Biel, Pedro (2019). Competitive pressure widens the gender gap in performance: Evidence from a two-stage competition in mathematics. The Economic Journal. DOI: 10.1111/ecoj.12617 .

Iriberri, N. & Rey Biel, Pedro (2017). Stereotypes are only a threat when beliefs are reinforced. On the sentitivity of gender differences in performance under competition to information provision. Journal of Economic Behavior and Organization, 135 (-), pp. 99-111.

Gneezy, U. & Rey Biel, Pedro (2014). On the relative efficiency of performance pay and non-contingent incentives. Journal of the European Economic Association, 1 (12), pp. 62-72.

Iriberri, N. & Rey Biel, Pedro (2013). Elicited beliefs and social information in modified dictator games: What do dictators believe other dictators do?. Quantitative Economics, 4 (3), pp. 515-547.

Calsamiglia, C., Franke, J. & Rey Biel, Pedro (2013). The incentive effects of affirmative action in a real-effort turnament. Journal of Public Economics, 98 (-), pp. 15-31.

Reuben, E., Rey Biel, Pedro, Sapienza, P. & Zingales, L. (2012). The emergence of male leadership in competitive environments. Journal of Economic Behavior and Organization, 83 (1), pp. 111-117.

Gneezy, U., Meier, S. & Rey Biel, Pedro (2011). When and why incentives (don't) work to modify behavior . Journal of Economics Perspectives, 25 (4), pp. 191-210.

Brañas-Garza, P., Espinosa, M. P. & Rey Biel, Pedro (2011). Travelers' types. Journal of Economic Behavior and Organization, (78), pp. 25-36.

Iriberri, N. & Rey Biel, Pedro (2011). The role of role uncertainty in modified dictator games. Experimental Economics, 14 (2), pp. 160-180.

Ballester, M. Á. & Rey Biel, Pedro (2009). Does uncertainty lead to sincerity? Simple and complex voting mechanisms. Social Choice and Welfare, 33 (3), pp. 477-494.

Rey Biel, Pedro (2009). Inequity aversion and team incentives. The Scandinavian Journal of Economics, 2 (110), pp. 297-320.

Rey Biel, Pedro (2009). Equilibrium play and best response to (stated) beliefs in normal form games. Games and Economic Behavior, (65), pp. 572-585.

Huck, S. & Rey Biel, Pedro (2006). Endogenous leadership in teams. Journal of Institutional and Theoretical Economics, 162 (2), pp. 253-261.

Rey Biel, Pedro (2001). Why is there no AIDS vaccine? A new economic explanation. World Economics, 2 (4), pp. 117-132.