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Dr Grace Lordan CON 4.02

This course is available on the Executive MSc in Behavioural Science. This course is not available as an outside option.

This course delivers insights from cutting edge research in behavioural science, psychology, economics, and management and guides students in their application to decision making within corporate companies in high stake settings.   The course covers search and hiring, circumventing groupthink, compensation and promotions decisions, the role of bias in equity markets, capital structure, dividend policies, behavioural risk and motivating workers. Throughout the course there is emphasis upon applying the IDEA framework, created by Dr Grace Lordan.

This framework involves:

• I: Identifying a problem;

• D: Designing an intervention;

• E: Evaluating effectiveness; and

• A: Assessing if the solution is fit for purpose.

This emphasis on the IDEA framework reinforces students’ learning in earlier modules of the programme, where they were introduced to methods that will allow rigorous intervention evaluation.  Real world class case studies are used at every stage of the course to reinforce lessons learned, and allow students visualise scenarios in which the theory and insights covered in the course can be applied.

The assessment is designed to give students the opportunity to apply the theory and insights they learned on the course to a real world case study.

This course is delivered through a combination of lectures and seminars totalling a minimum of 20 hours in the LT.

Students will be expected to produce 1 case study in the LT.

Case study with short questions that matches the style of the summative assessment 

Bertrand Marrianne and Duflo Ester. Field Experiments on Discrimination. in Handbook of Economic Field Experiments. Volume 1, pages 309 - 393 2017.

MLA: Gneezy, Uri, Kenneth L. Leonard, and John A. List. "Gender differences in competition: Evidence from a matrilineal and a patriarchal society." Econometrica 77.5 (2009): 1637-1664.

Johnston, David W. and Lordan, Grace (2016) Racial prejudice and labour market penalties during economic downturns European Economic Review, 84. 57-75

Lordan, Grace and Pischke, Jorn-Steffen (2016) Does Rosie like riveting? Male and female occupational choices NBER working paper, 22495. National Bureau of Economic Research, Cambridge, USA.

Kandasamy, Narayanan, et al. "Cortisol shifts financial risk preferences." Proceedings of the National Academy of Sciences 111.9 (2014): 3608-3613.

Shiller, Robert J. Finance and the Good Society, Princeton: Princeton University Press, 2012.

Fama, Eugene, “Market Efficiency, Long-Term Returns, and Behavioral Finance,” Journal of Financial Economics.

Coursework (100%, 4000 words) in the LT.

Case study with ten short questions.