Dynamic Decision Making: Minds, Models, and Market

Carsten Murawski is a decision scientist, Professor in the Department of Finance at The University of Melbourne, and Director of the Centre for Brain, Mind and Markets (CBMM). He is Graduate Research Director of the interdisciplinary doctoral program in Decision, Risk and Financial Sciences, and Academic Lead of the joint PhD program between the University of Bonn and the University of Melbourne.

Carsten’s primary research interests span decision neuroscience, experimental economics, decision theory, consumer decision-making, computational psychiatry and cognitive science. His current work investigates the neuro-cognitive computations underlying decision-making and how their properties influence decisions in both healthy and clinical populations, drawing on behavioural experiments, eye-tracking, pharmacological manipulations and neuroimaging of both humans and non-human animals. His translational research reaches across consumer decision-making, decision-making for health, and high-performance decision-making in complex settings.

Elise Payzan-Le Nestour is a Professor of Finance at the UNSW Business School, University of New South Wales. Elise is a leading scholar in the emerging field of neurofinance. Her research lies at the intersection of finance, neuroscience, and psychology, focusing on how individuals perceive and manage financial risks by examining both behavioral patterns and their underlying neurobiological mechanisms. Her work has been published in leading journals such as the Review of Financial Studies, Journal of Financial Economics, Financial Analysts Journal, Nature — Scientific Reports, Neuron, Current Biology, and Science Advances. Beyond academia, she has served as a consultant to financial institutions and as an expert witness in the Federal Court of Australia.

Hilke Plassmann is the Octapharma Chaired Professor of Decision Neuroscience and Associate Professor in INSEAD’s Marketing Area is an Affiliated Faculty at the Paris Brain Institute (ICM) of Sorbonne University.

Hilke is one of the pioneers in the nascent field of consumer neuroscience. Hilke’s primary research area is judgment and decision-making in the intersection of neuroscience, psychology and economics. In recent and current research projects she investigates how individual differences in consumers neurobiology can help to better understanding when they make disadvantageous decisions such as overeating, overspending, doom scrolling, and buying unstainable products. Hilke is also interested how neuroscience could be used to predict business performance. Her work has implications for both, management and public policy.