Queensland Branch

 

ESA 2016 Young Economist Prof. Lionel Page - - Speaker: Lionel Page

Details

Optimally Irrational

An insight into Behavioural Economics

 

 

The Economic Society of Australia (Qld) invites you to a luncheon address by Prof. Lionel Page.

Behavioural economists have gathered a large amount of evidence undermining the model of the cold (often selfish) rational economic man (Homo Economicus). From this accumulated evidence it appears that people often make mistakes: they have inconsistent preferences; they fail to commit to their plans; they are influenced by their emotions.

A deeper understanding of decision making processes shows that in many cases “irrational behaviours” have good reasons to exist. In many ways the old standard model of Homo Economicus is not the optimal solution to the complex world the Homo Sapiens evolved to live in. Many of the seemingly “irrational” deviations are better adaptations to the real world than what was considered the “rational” standard of behaviour in simplified models considered by economists.

The insights arising from behavioural science is that people are very good at using their limited cognitive resources to making decisions in a highly complex environment.

This presentation will review a few of these situations and show why, in many ways, our “defaults” make us smarter than we think.

 

Time: Arrive at 12:15 for 12:30 start, to conclude by 13:45
Venue: Morgans Financial Limited, Level 29, Riverside Centre, 123 Eagle St, Brisbane
Dress: Business casual
Food: Sandwich lunch provided
Cost: Members $15, Non-members $25

 

About the Presenter

 Lionel Page completed a MA (Economics) at Pantheon-Sorbonne University, as well as a MA (Econometrics) at ENSAE ParisTech before completing his PhD at the Paris School of Economics in 2007. His work has been published extensively in areas like experimental economics, sports economics, voting analysis and risk in markets. He has worked at QUT since 2013 and is Research Leader at the Queensland Behavioural Economics Group (QuBE) in the QUT Business School.

Registration

To assist with planning and to arrange payment, please select the Book Online button below before 13 September 2016. If you have any issues, please RSVP to the Secretariat. 

Email: admin@esaqld.org.au Phone/Fax: (07) 3041 0393

Date

From: Friday September 16, 2016, 12:15 pm

To: Friday September 16, 2016, 1:45 pm

Speaker:

Lionel Page

 

Bookings are now closed




Venue

Morgans Financial Limited - Riverside Centre

123 Eagle Street/Level 29 , Brisbane QLD 4000

Speaker: Lionel Page


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