Danae Arroyos-Calvera

Danae Arroyos-Calvera

The Department of Economics
Assistant Professor in Economics

Contact details

2113 University House, 116 Edgbaston Park Rd
University of Birmingham
Birmingham, UK
B15 2TT

Danae is a behavioural economist using experiments to explore how risk, time and concern for other people shape individuals’ decisions, morality and the value they attribute to life and health. Her work sheds light on fundamental aspects of the nature of these preferences, whilst informing policy appraisal and evaluation procedures such as the estimation of the societal value of preventing fatalities and illness or injuries.

You can find more information on her personal research website


  • PhD in Behavioural Science, University of Warwick (UK), 2018
  • Associate Fellow of the Higher Education Academy, 2017
  • MSc in Behavioural Economics, Erasmus School of Economics (Netherlands), 2014
  • BSc in International Business Economics, Universitat Pompeu Fabra (Spain), 2013


Danae spent 2 years as a research fellow at the Economics department of UoB prior to becoming a Lecturer there. She received her PhD in behavioural science from the University of Warwick. In the summer of 2017, she was a research fellow at the Centre for Effective Altruism in Oxford. Prior to her PhD, she completed a masters degree in behavioural economics at the Erasmus School of Economics in Rotterdam, the Netherlands. She obtained her undergraduate degree in international business economics from Universitat Pompeu Fabra in Barcelona, Spain.


  • Behavioural and Experimental Economics
  • Risk, Uncertainty and Information
  • Microeconomics


Research interests

  • Life and health valuation
  • Risk, time and social preferences
  • Ethical decision making 

Current projects

“Discounting for delay and the value of a life year lost to air pollution (funded by ESRC, PI Dr Rebecca McDonald)

  • Preferences over conditional risk sequences: an experimental investigation - with T. Hayes & R. McDonald 

“Risk, Time and Society: the behavioural economics of value” (funded by the Leverhulme Trust, PI Prof Graham Loomes)

Other projects on Life and health valuation and Risk, time and social preferences:

  • Does the efficiency-equity tradeoff change in a pandemic?
  • How do people actually prioritise?
  • An empirical investigation of safety-focused altruism - all the above with J. Covey, G. Loomes & R. McDonald 

Other projects on Ethical decision making:

  • [under review] The Saving Grace Effect: How good reputation moderates perceptions of unfair behaviours in the market - with N. Powdthavee
  • [working paper] Unpacking moral wiggle room: information preferences and not information itself predict generosity - with R. McDonald, D. Read & B. Rigal