Behavioral Finance

Knowing how to decipher investors’ behavior and the consequences, based on a scientific approach


Editorial by Marie-Hélène Broihanne,
Maxime Merli, and Patrick Roger


Behavioral finance combines economics, cognitive psychology, and neuroscience to analyze economic and financial stakeholders’ decisions and their behavior differently. This trend sheds new light on market malfunctioning and underlines the need to strengthen the regulation of financial activities.

The Chair's researchers work in collaboration with colleagues from French and foreign universities (Paris Dauphine University, University of Montpellier, INEF Network, Catholic University of Louvain, University of Lausanne), financial companies (Cortal Consors, UBS Global Asset Management), or institutions (Observatoire de l'Epargne Européenne).

Patrick ROGER

Head of the Behaviorial Finance Chair 0368852156

Our Research Areas

  • Studying the behavior of individual investors and their errors of judgement
  • Measuring and characterizing overconfidence biases, tax provision biases, or savers’ gambling behavior
  • Analyzing the relevance of MiFID questionnaires in the context of saver protection
  • Studying the behavior of professional investors


Our Mission

The Chair’s main mission is to advance knowledge of the behavior of economic and financial stakeholders.  This translates above all into the publication of academic articles using various methodologies (databases, questionnaires, or experimental approaches). The Chair is also a special place for discussions with professionals through joint projects or joint conferences.

Key Figures

  • 45

    academic publications

  • 50

    international and national conferences

  • 20

    professional conferences and publications


Patrick ROGER

Head of the Behaviorial Finance Chair



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