The UV research groups (GIUV) are regulated in the 1st chapter of the Regulation ACGUV48/2013, which explains the procedure for creating new research structures. They are basic research and organizational structures that result from the voluntary association of researchers that share objectives, facilities, resources and common lines of research. These researchers are also committed to the consolidation and stability of their activity, work in groups and the capability to achieve a sustainable funding.
The research groups included in the previously mentioned Regulation are registered in the Register of Research Structures of the Universitat de València (REIUV), managed by the Office of the Vice-principal for Research and Scientific Policies. The basic information of these organisms can be found in this website.
Participants
Data related to research groups featured in various information dissemination channels shall not, under any circumstances, imply a statement or commitment regarding the employment or academic affiliation of individuals associated with the Universitat de València. Their inclusion is solely the responsibility of the group directors. Updates will be made upon request from interested parties.
- Registered groups in the Register of Research Structures of the Universitat de València - (REIUV)
Reference of the Group:
Description of research activity: The research group conducts interdisciplinary studies in the field of Experimental and Behavioral Finance applied to corporations and entrepreneurship, analyzing how cognitive biases and psychological factors influence financial and business decision-making. To this end, theoretical, experimental, computational, and empirical methods are combined.
These activities aim to generate scientific evidence that contributes to improving theoretical models, corporate strategies, and the design of policies to support entrepreneurship.
Web:
Scientific-technical goals: - Combine theory with empirical work on the behavior of individuals and business organizations, markets, and industries.
- Analyze, through Experimental Economics, using laboratory and field experiments, economic-financial and social phenomena that are difficult to observe naturally.
- ## General Goal
To analyze and understand how individuals, organizations, and markets make decisions under risk and uncertainty, integrating approaches from behavioral economics, behavioral finance, experimental economics, microeconomics, and game theory, in order to explain financial phenomena and contribute to the development of better decision-making mechanisms, risk management, and business design, particularly for startups and entrepreneurship
- 6. Generate scientific evidence that contributes to the design of more efficient and sustainable mechanisms, business strategies, and risk management systems.
- 7. Promote the development of interdisciplinary and applied research in experimental and behavioral finance, strengthening academic training and innovation in the fields of economics and finance.
- 1. Study the behavior of individuals and organizations in contexts of risk, uncertainty, and financial decision-making, particularly in scenarios involving potential gains (upside risk) and losses (downside risk).
- 2. Integrate theoretical models and empirical evidence through laboratory experiments, field experiments, and behavioral data analysis to examine economic and financial phenomena that are difficult to observe under natural conditions.
- 4. Analyze the dynamics of strategic interaction, cooperation, and competition in markets, organizations, and socioeconomic networks using tools from microeconomics and game theory.
- 5. Investigate the processes of cultural transmission, preference formation, and social cooperation that influence individual financial behavior
- 3. Identify the impact of cognitive biases, emotions, social norms, and incentive structures on strategic financial decisions.
Research lines: - Financial Decisions Under Risk and Uncertainty: Upside and Downside Risk.This research area examines how individuals, investors, managers, and organizations make decisions in the face of potential gains and risks of loss. It studies phenomena such as loss aversion, overconfidence, risk-seeking behavior, and asymmetric risk perception.
The methodology applied consists primarily of:
* Laboratory and field economic experiments.
* Financial market simulations.
* Models of choice under risk.
* Econometric and behavioral analysis of financial decisions.
Impact on businesses and entrepreneurship:
This research area helps explain why real-world financial decisions deviate from traditional financial models, enabling the improvement of risk management strategies as well as the design of successful financing strategies for microenterprises, startups, and small businesses.
- Strategic financial behavior, game theory, and experimental markets.Drawing on microeconomics and game theory, this research area focuses on analyzing individual financial behavior within firms in strategic situations. Specifically, it examines how individuals and organizations interact strategically in markets and competitive environments under conditions of uncertainty. The research analyzes mechanisms of cooperation, competition, expectation formation, and strategic coordination in specific economic contexts.
The methodology applied consists primarily of:
* Experimental games.
* Experimental economics and behavioral game theory.
* Dynamic models of strategic interaction.
* Computational simulation of socioeconomic networks.
Impact on businesses and entrepreneurship:
This research line provides evidence on how financial dynamics of cooperation, competition, and stability emerge in financial markets and organizations, contributing to the design of more efficient business strategies.
- Behavioral and Experimental Finance.Behavioral Corporate Finance. Combines theory with empirical work on the behavior of individuals and business organizations, markets, and industries.
Behavioral Finance and Economics. Analysis through Experimental Economics, using laboratory experiments to study economic and social phenomena that are difficult to observe naturally.
Microeconomics and Game Theory. Analysis of individual optimizing behavior and behavior in strategic situations. Analysis of strategic behavior under uncertainty. Dynamic analysis of network formation in complex processes of socioeconomic interaction.
Cooperation and Cultural Transmission. Dynamic analysis of the horizontal and vertical transmission of cultural values. Interaction and cooperation among individuals.
Group members:
| Name |
Nature of participation |
Entity |
Description |
| IRENE COMEIG RAMIREZ | Director | Universitat de València | |
| Research team |
| IKSEON SUH | Collaborator | University of Nevada, Las Vegas | Tenured university professor |
| DANIEL HARPER | Collaborator | James Madison Univesity | Full-time trainee professor (doctor) |
| OLIVIER ARMANTIER | Collaborator | Chapman University | Full university professor |
| CHARLES A. HOLT | Collaborator | University of Virginia (EEUU) | Full university professor |
CNAE:
Associated structure: - ERI Economic and Social Behaviour (ERI CES)
Keywords: - QUALITY OF LIFE
- HUMAN RIGHTS
- SUSTAINABILITY
- MARKETS
- EXPERIMENTS
- HUMAN CAPABILITIES
- REAL ECONOMY
- FINANCE
- HUMAN SECURITY
- NATIONAL SECURITY
- SOCIAL VALUES
