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Integrating economics, psychology and neuroscience, QuBE is exploring the interplay of emotions and rational thoughts that drive behaviour and decision-making.
The Queensland Behavioural Economics Group (QuBE) is a platform that brings together researchers from economics, finance and behavioural sciences to push the frontiers in theoretical and applied behavioural economics research. The group strives to evaluate and inform business and policy decisions through better understanding the motivations and biases of real people.
Behavioural economics combines insights from economics and psychology. The approach is simple: economic decision-making is not purely rational as traditional economic theory assumes. Instead, it's affected by the way a decision problem is presented, as well as our personal biases, like how we make decisions that involve time differences or how we deal with uncertainty. Behavioural economics attempts to better understand these factors.
The QuBE group offers an excellent environment for PhD research. Research students receive intensive support and training. Internal and external seminars and workshops, as well as a senior visitor program with a course component, provide an ongoing education to group members and interested scholars inside and outside of QUT.
QuBE hosts nine PhD students from Australia, Germany and France who contribute to our research across a variety of topics:
In addition, research assistants work within QuBE to provide data management support and assist with experimental laboratory research.
The QuBE group is connected with several other leading research centres in Europe and the USA. We encourage our PhD students to have international experiences in one or several of them. Recent exchanges involved QuBE students spending several months in Mannheim, Innsbruck and HEC Paris.
Members of the QuBE group have consistently published in leading economic journals and generated large research funding from public bodies to carry out fundamental as well as policy oriented research. In 2011 alone, the group received $1.5 million in funding from the ARC to carry out research in behavioural economics.
Fu, Q., C. Ke and F. Tan (Forthcoming). Success breeds success or pride goes before a fall? Teams and individuals in multi-contest tournaments , Games and Economic Behavior.
Mueller, D. and L. Page (Forthcoming). Born to be leaders: political selection and the relative age effect , Journal of the Royal Statistical Society Series A.
Kerschbamer, Rudolf, Matthias Sutter, and Uwe Dulleck. How social preferences shape incentives in (experimental) markets for credence goods , The Economic Journal (2015).
Pagan, Adrian, and Benno Torgler. Research rigour: use'4Rs' criteria to assess papers , Nature 522.7554 (2015): 34-34.
Dulleck, Uwe, and Berthold U. Wigger. Expert politicians, electoral control, and fiscal restraints , Journal of Public Economics 121, 2015, pp.106-116.
Hollard, G., Massoni, S., & Vergnaud, J.C. (2015). In search of good probability assessors: an experimental comparison of elicitation rules for confidence judgments , Theory and Decision. Forthcoming.
Morton, Rebecca B., Mueller, D. Page, L. and Torgler B. Exit polls, turnout, and bandwagon voting: evidence from a natural experiment , European Economic Review 77 (2015): 65-81.
Gauriot, Romain, and Lionel Page. I take care of my own: a field study on how leadership handles conflict between individual and collective incentives , American Economic Review 105.5 (2015): 414-19.
Massoni, Sébastien, Thibault Gajdos, and Jean-Christophe Vergnaud. Confidence measurement in the light of signal detection theory , Frontiers in psychology 5 (2014).
Page, Lionel, David A. Savage, and Benno Torgler. Variation in risk seeking behaviour following large losses: a natural experiment , European Economic Review 71 (2014): 121-131.
Kandasamy, Narayanan, Ben Hardy, Lionel Page, Markus Schaffner, Johann Graggaber, Andrew S. Powlson, Paul C. Fletcher, Mark Gurnell, and John Coates. Cortisol shifts financial risk preferences , Proceedings of the National Academy of Sciences 111.9 (2014): 3608-3613.
Ouazad, Amine, and Lionel Page. Students' perceptions of teacher biases: experimental economics in schools , Journal of Public Economics 105 (2013): 116-130.
Ke, Changxia and Konrad, Kai A. and Morath, Florian, 2013. Brothers in arms - An experiment on the alliance puzzle, games and economic behavior , Elsevier, vol. 77(1), pages 61-76.
Park, Jung Chul, Dipanwita Sarkar, Jayanta Sarkar, and Keven Yost. Business in troubled waters: does adverse attitude affect firm value? , Journal of Corporate Finance 22 (2013): 221-235.
Page L, Clemen RT, (2013) Do prediction markets produce well calibrated probability forecasts? , The Economic Journal, Volume 123, Issue 568, pages 491-513.
Frijters P, Beatton T, (2012) The mystery of the U-shaped relationship between happiness and age , Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), p525-542.
Dulleck U, Kerschbamer R, Sutter M, (2011) The economics of credence goods: an experiment on the role of liability, verifiability, reputation and competition , The American Economic Review, p526-555.
Frey BS, Savage D, Torgler B, (2010) Interaction of natural survival instincts and internalized social norms exploring the Titanic and Lusitania disasters , Proceedings of the National Academy of Sciences, United States of America p4862-4865.
Page L, Page K, (2010) Last shall be first: a field study of biases in sequential performance evaluation on the Idol series , Journal of Economic Behavior and Organization, p186-198.
Cummings R, Martinez-Vazquez J, McKee M, Torgler B, (2009) Tax morale affects tax compliance: evidence from surveys and an artefactual field experiment , Journal of Economic Behaviour and Organisation, p447-457.
Schaltegger CA, Torgler B, (2007) Government accountability and fiscal discipline: a panel analysis using Swiss data , Journal of Public Economics, p117-140.
Dulleck U, Kerschbamer R, (2006) On doctors, mechanics and computer specialists: the economics of gredence goods , Journal of Economic Literature, p5-42.
Be paid to help our research.
We seek your involvement in economic experiments to test how people process information and make decisions as individuals and within groups. With this increased understanding, our research may help to shape public policies on important issues such as superannuation and insurance.
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