PhD, University of Bradford
MBA, University of Bradford
BSc (Hons.) Genetics, University of Leeds
MBCS, MICM, DipM
Co-Director, Centre for Decision Research
President of the European Association for Decision Making
Professor of Human Judgment and Decision Making
To visit the Centre for Decision Research (CDR) web site click here
Barbara Summers is Professor of Human Judgment and Decision Making at Leeds University Business School, where she also serves as the co-Director of the Centre for Decision Research. Her research focuses on individual decision making from both cognitive and emotional perspectives, with application areas in finance and health, where she collaborates with experts and organizations in those fields in the UK and abroad. Her work benefits from her previous commercial experience as Head of Systems Development at Equifax Europe UK, and she is an invited member of the Institute for Credit Management (the UK professional body for credit management).
Barbara’s work is regularly published in peer-reviewed journals, and her work on financial decision making has informed the UK Department for Work and Pensions and NEST (the pension provider set up to meet the requirements of the Pensions Act 2008, which introduces auto-enrolment in pensions). Her work with Clydesdale Bank won an award from the UK Economic & Social Research Council. These projects formed the basis of an impact case study (read more here). Current projects include work on intrinsic emotions in financial decision making (including consumer debt), the emotional basis of risk preference, active components of patient decision aids, moral reasoning and motivations in the tax context, estimation of task duration, probability judgment, and the nature of financial risk perception.
Barbara Summers is actively involved in the European Association for Decision Making (EADM), and currently serves as President of the Association. She has been on the Scientific Committees for EADM’s conference, SPUDM 24, in Barcelona and for the first two EADM Summer Schools which were held at the University of Essex and the Max Planck Institute for Research on Collective Goods in Bonn, Germany. She is an invited speaker at the 2016 Summer School, and will chair the next committee for the association's De Finetti Prize.
Barbara’s research focuses on individual decision making from both cognitive and emotional perspectives, with application areas in finance and health, where she collaborates with experts and organizations in those fields in the UK and abroad. Current projects include work on intrinsic emotions in financial decision making (including consumer debt), the emotional basis of risk preference, active components of patient decision aids, moral reasoning and motivations in the tax context, estimation of task duration, probability judgment, and the nature of financial risk perception.
Details of Barbara’s publications can be found on the publications tab.
ESRC 'Best Application of Social Science in a KTP 2011' for the KTP project ‘To Develop and Implement Customer Lifetime Value Measures to Support the Decision Making Processes around Customer Product Offerings and the Service Proposition.’ This project was undertaken jointly with K. R. Schenk-Hoppé, the Associate was A. Audzeyeva and Clydesdale Bank supervisor was L. Marshall, 2011.
Emerald Management Review Citation of Excellence award as one of the top papers of 2008. Ranyard, R., Del Missier, F., Bonini, N. Duxbury, D. and Summers, B. (2008). Perceptions and Expectations of Price Changes and Inflation Journal of Economic Psychology, 29, 378-400
There are 50 awards per year (out of 15,000 papers reviewed) and awards include publications in such journals as American Economic Review, Strategic Management Journal and Journal of Finance.
Research Grants ‘Communicating the NEST Proposition’. B Summers, D. Duxbury, J. Maule, and A. Pearman. Academic Support to NEST’s (previously known as PADA) research conducted by BMRB, 2011-2012 'Insights from Decision Research Literature into Understanding Decision Making in the Shopping Occasion', B Summers, A Pearman, D Duxbury, J Maule and N Bown, 2010 'Identifying components of decision aid interventions that enable informed decision making about dialysis modality', H Bekker (CDR/ Leeds Institute of Health Sciences), A Stiggelbout (Professor in Medical Decision Making, University of Leiden), B Summers (CDR/ LUBS), A Winterbottom (Senior Research Fellow, Bradford Royal Infirmary), A Mooney (Consultant Nephrologist, St James’s University Hospital), G Latchford (Consultant Clinical Psychologist, St James’s University Hospital), and M Wilkie (Consultant Nephrologist, Sheffield Teaching Hospitals NHS Foundation Trust), 2010-2012.
'Attitudes to Loss', CDR providing input to research into attitudes to loss being run by Opinion Leader and PADA, 2009 (B Summers, D Duxbury, J Maule and A Pearman) 'Work in support of the Department of Work and Pensions Autoenrolment Project' ,B Summers, D Duxbury, J Maule and A Pearman, 2008.
'To develop and implement Customer Lifetime Value measures to support the decision making processes around customer product offerings and the service proposition', KTP award working with Yorkshire Bank. K R Schenk-Hoppé (Accounting & Finance Division) with B Summers, 2007-2009.
'Literature in the Areas of Behavioural Economics and Psychology Relevant to the Understanding of an Individual's Propensity to Engage with their Creditors' , Research for the Department of Constitutional Affairs. B Summers with D Read and F Fylan, 2005. Report available at: www.dca.gov.uk/review_debt_research.pdf
Teaching Related Experience
Decision Making (UG, MSc & MBA)
Research Methods (UG, MSc & MBA)
Quantitative Methods (UG, MBA, Doctoral)
Programme Director MSc Management 2002-2006, setting up and launching the programme.
Co-Director, Centre for Decision Research
President-Elect of the European Association for Decision Making
Refereed Contributions to Academic Journals
An Examination of the Ethical Influences on the Work of Tax Practitioners.
J Frecknall Hughes, P Moizer, E Doyle, and B Summers
Journal of Business Ethics (2016) early online, open access.
'Thinking about numbers is not my idea of fun': Need for cognition mediates age differences in numeracy performance.
W Bruine de Bruin, S McNair, A Taylor, B Summers, and J Strough
Medical Decision Making (2015) 35, 22-26.
Framing options as choice or opportunity: does the frame influence decisions?
P Abhyankar, B Summers, G Velikova, and H L Bekker
Medical Decision Making (2014), 34, 567-582
Unpacking Estimates of Task Duration: The Role of Typicality and Temporality.
C Hadjichristidis, B Summers, and K Thomas
Journal of Experimental Social Psychology (2014), 51, 45-50
Ethics in Tax Practice: A Study of the Effect of Practitioner Firm Size.
E Doyle, J Frecknall-Hughes, and B Summers
Journal of Business Ethics (2014), 122, 623-641.
How People Evaluate Defined Contribution, Annuity-based Pension Arrangements: A behavioural exploration.
D Duxbury, B Summers, R Hudson, and K Keasey
Journal of Economic Psychology (2013), 34, 256-269.
Conceptualising decision making in nursing education. D Dowding, R Gurbutt, M Murphy, M Lascelles, A Pearman and B Summers Journal of Research in Nursing (2012), 17, 348–360. An Empirical Analysis of the Ethical Reasoning of Tax Practitioners. E Doyle, J Frecknall-Hughes and B Summers Journal of Business Ethics (2012), 114, 325-339. Decision-dependent Emotions and Behavioral Anomalies. B Summers and D Duxbury Organizational Behavior and Human Decision Processes (2012), 118, 226-238. Forecasting Customer Behaviour in a Multi-Service Financial Organisation: A Profitability Perspective. A Audzeyeva, B Summers and K Schenk-Hoppé, K. International Journal of Forecasting (2012), 28, 507-518. Why Values Elicitation Techniques Enable People to Make Informed Decisions about Cancer Trial Participation.
P Abhyankar, P., H L Bekker, B Summers. and G Velikova
Health Expectations (2011), 14, Supplement s1, 20-32. Impact Factor 2.315.
Research methods in taxation ethics: developing the Defining Issues Test (DIT) for a tax specific scenario
E Doyle, J Frecknall-Hughes and B Summers
Journal of Business Ethics (2009), 88, 35–52.
Perceptions and Expectations of Price Changes and InflationRob Ranyard, Fabio Del Missier, Nicolao Bonini, Darren Duxbury, Barbara Summers Journal of Economic Psychology (2008), 29, 378-400.
This paper was awarded a highly prestigious Citation of Excellence award as one of the top papers of 2008 by Emerald Management Reviews. There are 50 awards per year (out of 15,000 papers reviewed) and awards include publications in such journals as American Economic Review, Strategic Management Journal and Journal of Finance.
As Time Goes By: An investigation of how asset allocation varies with investor ageB Summers, D Duxbury, R Hudson and K Keasey (equal authors) Economics Letters (2006), 91, 210-214.
Should Actions Speak Louder Than Words?: Individuals’ Attitudes and Behavior in Asset Allocation Choices D Duxbury, R Hudson, K Keasey and B Summers (equal authors)Economics Letters (2005), Volume 89, 107-111.
Informed Choice: Consumer Preferences for Information on Pensions
B Summers, C Ironfield-Smith, D Duxbury, R Hudson and K Keasey Journal of Financial Regulation and Compliance (2005), 13, 3, 260-267.
Consumer Debt in the UK: Attitudes and Implications
C Ironfield-Smith, K Keasey, B Summers, R Hudson, D Duxbury
Journal of Financial Regulation and Compliance (2005), 13, 2, 132-141.
Does Method of Acquisition Affect the Quality of Expert Judgement?
B Summers, T Williamson, D Read
Journal of Occupational and Organizational Psychology (2004), Volume 77, 1-22
Financial Risk Perception: Are individuals variance averse or loss averse?
D Duxbury, B Summers (equal authors) Economics Letters (2004), Volume 84, pp 21-28.
Back to the Future: An Empirical Investigation into the Validity of Stock Index Models Over Time
B Summers, E Griffiths, R Hudson
Applied Financial Economics (2004), Volume 14, pp 209-214.
The Lure of Choice
N J Bown, D Read, B Summers
Journal of Behavioral Decision Making (2003), Volume 16, Issue 4, pp 297-308.
Trade Credit and Customer Relationships
B Summers, N Wilson
Managerial and Decision Economics (2003), Volume 24, pp 439-455.
An Empirical Investigation of Trade Credit Demand
B Summers, N Wilson
International Journal of the Economics of Business (2002), Vol. 9, Number 2, pp 257-270.
Trade Credit Terms Offered by Small Firms: Survey Evidence and Empirical Analysis.
N Wilson, B Summers
Journal of Business Finance & Accounting (2002), Vol. 29, Issue 3/4, pp 317-351.
Using Payment Behaviour Data for Credit Risk Modelling
N Wilson, B Summers and R Hope
International Journal of the Economics of Business (2000), Vol. 7, No. 3, pp 333-346
Trade Credit Management and the Decision to Use Factoring: An Empirical Study
B Summers, N Wilson
Journal of Business Finance & Accounting (2000), Vol. 27, Nos. 1&2, pp 37-68.
Refereed Contributions to Books
Moral Reasoning and Tax Practice: The Development of an Assessment Instrument.
E Doyle, J Frecknall-Hughes, and B Summers (2012). In ed. Oats, L., Taxation: A Fieldwork Approach. Oxford: Routledge, pp. 59–71
Demand for Credit and Influences on Payment BehaviourB Summers, N Wilson in Risk Behaviour and Risk Management in Business Life Bo Green (ed.) Kluwer Academic Publishers, Dordrecht, The Netherlands, 2000, pp 87-98.
Small Business Demand for Trade Credit, Credit Rationing and the Late Payment of Commercial Debt: An Empirical Study
N Wilson, C Singleton, B Summers
in Management Buy-Outs and Venture Capital: Into the Next Millennium M Wright, K Robbie (eds.) Edward Elgar Publishing, 1999, pp181-201.
Authored Books and Reports
Literature in the Areas of Behavioural Economics and Psychology Relevant to the Understanding of an Individual’s Propensity to Engage with their Creditors
Barbara Summers, Daniel Read, Fiona Fylan
Department of Constitutional Affairs, 2006
Credit Insurance in the UK and Europe
N Wilson, B Summers
Debt Collection in the UK and Europe
N Wilson, B Summers
HMSO, 1998 ISBN: 0117022349
Credit Management, Late Payment and the SME Business Environment : A Survey
N Wilson, K Watson, C Singleton, B Summers
Report published by the Credit Management Research Group, University of Bradford Management Centre, June 1996, ISBN 1-85143-150-0
Trading Relationships, Credit Management and Corporate Performance: A Survey
N Wilson, K Watson, B Summers
Report published by the Credit Management Research Group, July 1995
Best Practice in Collections, N Wilson, B Summers, Report published by the Credit Management Research Group, 1995