Professor Darren Duxbury

Profile

Qualifications

Professor Duxbury is an expert in the areas of experimental and behavioral finance.  He is the author of a research monograph on repeated financial decision making, along with peer reviewed papers in leading international journals including Organizational Behavior and Human Decisions Processes, Journal of Economic Behavior and Organization, Journal of Economic Psychology, Economics Letters, Review of Quantitative Finance and Accounting, Accounting and Business Research and British Accounting Review.  He presents regularly at international conferences. Professor Duxbury's research is recognised internationally (he was awarded a Citation of Excellence by Emerald Management Reviews for one of the top 50 papers worldwide in 2008) and has informed research by the Federal Reserve Bank of New York and Whitehouse discussions.  His expertise has been sought by the Department for Work and Pensions (DWP) in relation to personal accounts and auto-enrolment and by the Personal Accounts Delivery Authority (PADA) and the National Employment Savings Trust (NEST) in relation to attitudes to loss in pensions.  He has led two successful submissions to the Department for Work and Pensions Social and Economic Research Framework and the Office of Fair Tradings Research Services Framework. Professor Duxbury is an invited member of the Behavioural Finance Working Group and a member of the editorial board of the Review of Behavioral Finance and the International Journal of Behavioural Accounting and Finance.  He has a long standing affiliation with the Centre for Decision Research, University of Leeds, where he is currently a Visiting Professor.

Research interests: My main research interest can be broadly classified under the complementary areas of experimental and behavioral accounting/ economics/ finance, to which I apply insight from the decision research and psychology literatures. 

Areas of application and recent projects include:

  • How emotions impact on economic and financial decisions.
  • The impact of prior outcomes on economic and financial decisions, including investor trading behavior, stock selection and portfolio composition, and escalation of commitment (sunk cost effect).
  • Financial asset allocation decisions, including retirement saving and annuity decisions.
  • Mental accounting effects in individual decision-making.
  • Financial risk perception.
  • Perceptions and expectations of price changes.
  • Strategic investment decisions.
  • Experimental financial markets. 

Research groups and institutes

  • Centre for Decision Research