Carsten Murawski is a professor in the Department of Finance and co-director of the Brain, Mind & Markets Laboratory. In his research, he uses laboratory experiments to study individual decision-making, in particular its neurobiological basis. The current focus of his work is on determining in what ways information processing constraints in the brain affect decision-making, how they lead to phenomena such as cognitive biases and in what ways decision-making can be improved. He is particularly interested in complex problem solving, learning about uncertainty, social interaction and meta-decision making.
A primary area of Carsten’s current research is the role of complexity in decision-making. He is a pioneer in linking computational complexity theory with decision theory to identify and quantify resource requirements of decisions. He has shown that biological resource constraints can explain human behaviour in the face of complexity, including well-documented behavioural biases. In another strand of research, he is investigating the strategies humans use to solve complex problems and how human problem solving can be improved.
In 2015, Carsten was one of the co-initiators of Street Finance, a new program developed by the Faculty of Business and Economics and the Melbourne Graduate School of Education. The program aims to improve financial behavior and outcomes of young Victorians at an important time of transition from adolescence to adulthood, on the verge of making many major financial decisions. The core of the program is a final-year undergraduate subject in the Bachelor of Commerce. Students enrolled in the subject develop and subsequently deliver lessons on basic financial knowledge in Victorian high schools.
Prior to joining The University of Melbourne Carsten was a postdoctoral fellow at the University of Zurich. He has been a visiting researcher at New Yor