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Professor Elise Payzan

Professor Elise Payzan

Professor
  • PhD in finance, Swiss Finance Institute
  • Master Paris School of Economics
  • Engineer Statistician ENSAE Paris
  • Ecole Normale Supérieure (Ulm, 2001)
Business School
School of Banking and Finance

I am a Scientia Fellow Associate Professor at the UNSW Business School. Myresearch program aims to elucidate how people perceive and react to financial risks, using a combination of theoretical and experimental methods from decision neuroscience, experimental economics, and financial economics. I havebeen collaborating with top behavioral scientists worldwide, both from North America (Brown University, The California Institute of Technology, Columbia University, and The Wharton Business School) and Europe (Geneva University)

I obtained myPhD in Finance from the Swiss Finance Institute at the Ecole Polytechnique Federale de Lausanne. Prior to studying Finance at the SFI, Icompleted the first part of her PhD at the London School of Economics and studied Economics at Princeton University. Ialso holda diploma of engineer statistician from the ENSAE, Paris, and graduated from the Ecole Normale Supérieure de la rue d’Ulm, Paris.

I joined the UNSW Business School in September 2010. I was also a visiting associate atThe California Institute of Technology from 2010 to 2013.
E-mail
elise@unsw.edu.au
Location
UNSW Business School - Ref E12 Level 3, Room 359A
  • Book Chapters | 2023
    Payzan E, 2023, 'Neurofinance', in Hillary G; McLean D (ed.), Handbook of Financial Decision Making, Edward Elgar, pp. 91 - 110,
  • Journal articles | 2024
    Payzan-LeNestour E; Doran J, 2024, 'Craving money? Evidence from the laboratory and the field', Science Advances, 10,
    Journal articles | 2023
    Fišar M; Greiner B; Huber C; Katok E; Ozkes AI; Sojli E; Tham WW, 2023, 'Reproducibility in Management Science', Management Science,
    Journal articles | 2023
    Payzan-LeNestour E; Pradier L; Putniņš TJ, 2023, 'Biased risk perceptions: Evidence from the laboratory and financial markets', Journal of Banking and Finance, 154,
    Journal articles | 2022
    Payzan-LeNestour E; Doran J; Pradier L; Putniņš TJ, 2022, 'Harnessing Neuroscientific Insights to Generate Alpha', Financial Analysts Journal, 78, pp. 79 - 95,
    Journal articles | 2022
    Payzan-LeNestour E; Woodford M, 2022, 'Outlier blindness: A neurobiological foundation for neglect of financial risk', Journal of Financial Economics, 143, pp. 1316 - 1343,
    Journal articles | 2021
    Payzan-LeNestour E; Pradier L; Doran J; Nave G; Balleine B, 2021, 'Impact of ambient sound on risk perception in humans: neuroeconomic investigations', Scientific reports, 11, pp. 5392,
    Journal articles | 2018
    Payzan-LeNestour E, 2018, 'Can people learn about ‘black swans’? Experimental evidence', Review of Financial Studies, 31, pp. 4815 - 4862,
    Journal articles | 2016
    Payzan-LeNestour E; Balleine BW; Berrada T; Pearson J; Payzan E, 2016, 'Variance After-Effects Distort Risk Perception in Humans', Current Biology, 26, pp. 1500 - 1504,
    Journal articles | 2014
    Payzan EL; Bossaerts P, 2014, 'Learning About Unstable, Publicly Unobservable Payoffs', The Review of Financial Studies,
    Journal articles | 2013
    Payzan-Lenestour E; Bossaerts P; Dunne S; O''Doherty J, 2013, 'The Neural Representation of Unexpected Uncertainty during Value-Based Decision Making', Neuron, 79, pp. 191 - 201,
    Journal articles | 2012
    Payzan-Lenestour E; Bossaerts P, 2012, 'Do not bet on the unknown versus try to find out more: Estimation uncertainty and "unexpected uncertainty" both modulate exploration', Frontiers in Neuroscience, pp. Article number 150,
    Journal articles | 2011
    Payzan-Lenestour E; Bossaerts P, 2011, 'Risk, unexpected uncertainty, and estimation uncertainty: Bayesian learning in unstable settings', PLoS Computational Biology, 7
    Journal articles |
    Payzan-LeNestour E; Woodford M, ''Outlier Blindness': Efficient Coding Generates an Inability to Represent Extreme Values', SSRN Electronic Journal,
  • Working Papers | 2020
    Doran J; Pradier L; Nave G; Balleine B; Payzan E, 2020, Friend or Foe: The Influence of Ambient Sound on Risk Perception, ,
    Working Papers | 2020
    Payzan E; Doran J, 2020, Craving for Money? Empirical Evidence from the Laboratory and the Field, ,
    Working Papers | 2020
    Payzan E; Putnins T; Pradier L, 2020, The “Waterfall Illusion” in the Financial Markets: Risk Perception Is Distorted after Prior Exposure to Extreme Risk, ,
    Working Papers | 2020
    Payzan E; Woodford M, 2020, “Outlier Blindness”: Efficient Coding Generates an Inability to Represent Extreme Values, ,
    Working Papers |
    Payzan-LeNestour E, Picking Pennies, Elsevier BV, ,

  • UNSW Business School Research Grants, A$170,000
  • Scientia Research Support(July 2017-July 2024)

Behavioural Finance, Behavioural Economics, Experimental Finance, Experimental Economics, Neurofinance, Neeuroeconomics

Personal Website:http://www.elisepayzan.com/

Speeches:

  • TEDxSydney in May 2016
  • BX2018 Conference in June 2018

Press and TV media releases (examples):

My Research Supervision

Yes

My Teaching

  • Behavioural Finance FINS3655
  • Behavioural Approachto Finance FINS555