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 York University and at Columbia University, New York and has taught at undergraduate and graduate level at The University of Melbourne, the University of Zurich and the Swiss Federal Institute of Technology (ETH) Zurich. He was trained in investment banking at JP Morgan in New York and has spent several years in the finance industry. Carsten holds a PhD from the University of Zurich, Switzerland and a Master’s degree from the University of Bayreuth, Germany.
For more information on Carsten Murawski's current research, please visit the website of the Brain, Mind & Markets Lab.
For more information about the doctoral program Decision, Risk and Financial Sciences, please visit the information page.
For more information on Street Finance, please visit the Street Finance information page.
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Carsten Murawski's highlights
FEATURED Journal article
Effective brain connectivity at rest is associated with choice-induced preference formation.
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Credentials
Positions
Professor In Finance
Finance
Education
PhD in Finance
University of Zurich
Masters degree in Economics & Business
Universitaet Bayreuth