Decision making for Complex Problems
Asset managers are well aware of the sheer complexity they face in solving investment problems and have developed sophisticated models steeped in the traditions of advanced statistics to help them. Many of these models emphasise amassing large amounts of information to produce ever more accurate estimations.
But Professor Murawski believes that the solution to complex problems relies more on how existing information is combined, rather than on the acquisition of ever more data. In this luncheon seminar co-hosted with Perpetual Investments, he will present the latest research from the University of Melbourne’s Brain, Mind & Markets Lab on decision making for complex problems.
About the Speaker
Professor Carsten Murawski is an economist and a principal investigator in the Brain, Mind & Markets Laboratory in the Department of Finance at the University of Melbourne. He uses laboratory experiments to study individual decision-making, in particular its neurobiological basis.
Most of his work focuses on intertemporal choice, learning about uncertainty, and problem-solving (optimisation).
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