JOINT PROJECTS
Decision under risk and uncertainty
Study: Mamassian, P. (2008). Overconfidence in an Objective Anticipatory Motor Task.
Overconfidence is a widespread topic in studies since it can have dramatic consequences in several fields such as driving, stock exchange trading and so on.
The aim of this project is going from a subjective to an objective measure, being consistent with the current paradigm: overconfidence is involved in the human decision-making process and not only limited to subjective ratings in cognitive tasks.
Cognition and Economic Behaviors
Study: Schmidt-Weigand, F., Scheiter, K. (2011). The role of spatial descriptions in learning from multimedia.
In the literature, two approaches coexists to understand what happens when subjects learn from visuo-spatial information: the process-oriented view and the outcome-oriented view.
What is the optimal way of distributing the information across text and pictures?
There is a better persistence of the information acquisition in the memory with the presence of an animation, and especially when there is no spatial information in the text
Behavioral Finance
Study: Kirchler, E., Maciejovsky, B., Weber, M. (2005). Irrelevant Information, Framing Effects, and Market Behavior: An Experimental Analysis. Journal of Behavioral Finance, Vol. 6, No. 2: 90-100.
Three types of framing effect coexist:
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The risky choice framing
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The attribute framing
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The goal framing
They mainly differ on what is framed, what is affected and how the effect is measured.
Here is a an application in behavioral finance thanks to Kirchler, Maciejovsky & Weber's study.
Social Psychology applied to Economics
Study: Przybylski, A.K., Murayama, K., DeHaan, C.R. , Gladwell, V. (2013). Motivational, emotional, and behavioral correlates of fear of missing out. Computers in Human Behavior 29: 1841-1848
In this project, we wanted to make the link between consumption & conformism through the Fear of Missing Out effect.
It has not been made so far, and only one study on FoMO exists.
The FoMO can trigger consuming behavior.
It can be a leverage for marketing or commercial strategies.
It is painless, unconscious and based on a personal action to induce a persuasive message that will trigger the buying behavior.
Applied Econometrics
Following a macro economic point of view, the Gross Domestic Product (Y) may be considered as the sum of:
- The consumption (C)
- The investment (I)
- The public debt (G)
- The net export, or goods trade balance: X – M (X: exports, M: imports)
Y = C + I + G + (X-M).
Our goal is to base our econometric analysis on the economic equation of the GDP.
This project investigates the determinants of OECD countries’ GDP. It results that we were not able to base our econometrics analysis on the whole basic economic formula for the GDP since the goods trade balance could not been taken into account, due to a loss of significance.
The main results of the econometrics analysis are detailed in the report.