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Economics - Decision Science
Member of CNRS-GREGHEC Research Group
Research Director at CNRS
After a Ph.D. in 'Mathematical Economics and Econometrics' from University of Aix-Marseille III, Mohammed Abdellaoui joined the CNRS in 1992 as a researcher. He was then promoted to Directeur de Recherche at CNRS in 2001. Three years ago, he joined HEC Paris as a researcher at GREGHEC, and Affiliate Professor of Decision Sciences.
Mohammed Abdellaoui is a specialist in risk & time perception and modeling for individual decisions and in the organizations. He has published numerous theoretical and empirical papers in top international journals including the American Economic Review, Econometrica, Management Science, Journal of Econometrics, The Economic Journal, Journal of Risk and Uncertainty and Review of Economic Psychology.
He is currently collaborating with researchers from different countries (Erasmus, the Netherlands, Nottingham, United Kingdom; Northwestern, USA). He co-edited books on recent advances in risk and uncertainty modeling and is the Editor-in-Chief of Theory and Decision, a multidisciplinary international journal.
"Measuring Loss Aversion under Ambiguity: A Method to Make Prospect Theory Completely Observable", Journal of Risk and Uncertainty, February 2016, vol. 52, n° 1, pp. 1-20 (in coll. with H. BLEICHRODT, O. L'HARIDON, D. VAN DOLDER).
"Experiments on compound risk in relation to simple risk and to ambiguity", Management Science, June 2015, vol. 61, n° 6, pp. 1306-1322 (in coll. with P. KLIBANOFF, L. PLACIDO).
"Beware of black swans: Taking stock of the description-experience gap in decision under uncertainty", Marketing Letters, September 2014, vol. 25, n° 3, pp. 269-280 (in coll. with A. DE PALMA, G. ATTANASI, M. BEN-AKIVA, I. EREV, H. FEHR-DUDA, D. FOK, C. FOX, R. HERTWIG, N. PICARD, P. P. WAKKER, J. WALKER, M. WEBER).
"Eliciting Prospect Theory When Consequences Are Measured in Time Units: "Time Is Not Money"", Management Science, July 2014, vol. 60, n° 7, pp. 1844-1859 (in coll. with E. KEMEL).
"Do financial professionals behave according to prospect theory? An experimental study", Theory and Decision, March 2013, vol. 74, n° 3, pp. 411-429 (in coll. with H. Bleichrodt, H. Kammoun).
"Individual vs. couple behavior: an experimental investigation of risk preferences", Theory and Decision, August 2013, vol. 75, n° 2, pp. 175-191 (in coll. with O. L'HARIDON, C. PARASCHIV).
"Is There One Unifying Concept of Utility? An Experimental Comparison of Utility Under Risk and Utility Over Time", Management Science, September 2013, vol. 59, n° 9, pp. 2153-2169 (in coll. with H. Bleichrodt, O. L'HARIDON, C. PARASCHIV).
"Sign-Dependence in Intertemporal Choice", Journal of Risk and Uncertainty, December 2013, vol. 47, n° 3, pp. 225-253 (in coll. with H. BLEICHRODT, O. L'HARIDON).
"Experienced vs. Described Uncertainty: Do We Need Two Prospect Theory Specifications?", Management Science, October 2011, vol. 57, n° 10, pp. 1879-1895 (in coll. with O. L'HARIDON, C. PARASCHIV).
"Risk Aversion Elicitation: Reconciling Tractability and Bias Minimization", Theory and Decision, July 2011, vol. 71, n° 1, pp. 63-80 (in coll. with O. L'HARIDON, A. Driouchi).
"Risk Preferences at Different Time Periods: An Experimental Investigation", Management Science, May 2011, vol. 57, n° 5, pp. 975-987 (in coll. with E. Diecidue, A. Onçuler).
"The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation", American Economic Review, April 2011, vol. 101, n° 2, pp. 695-723 (in coll. with A. Baillon, L. Placido, P. Wakker).
"Intertemporal Tradeoffs for Gains and Losses: An Experimental Measurement of Discounted Utility", Economic Journal, June 2010, vol. 120, n° 545, pp. 845-866 (in coll. with A. Attema, H. Bleichrodt).
"Separating curvature and elevation: A parametric probability weighting function", Journal of Risk and Uncertainty, August 2010, vol. 41, n° 1, pp. 39-65 (in coll. with O. L'HARIDON, H. Zank).
"A tractable method to measure utility and loss aversion in prospect theory", Journal of Risk and Uncertainty, June 2008, vol. 36, n° 3, pp. 245-266 (in coll. with H. Bleichrodt, O. L'HARIDON).
"Eliciting Gul's theory of disappointment aversion by the tradeoff method", Journal of Economic Psychology, December 2007, vol. 28, n° 6, pp. 631-645 (in coll. with H. Bleichrodt).
"Loss Aversion Under Prospect Theory: A Parameter-Free Measurement", Management Science, October 2007, vol. 53, n° 10, pp. 1659-1674 (in coll. with H. Bleichrodt, C. PARASCHIV).
"Reconciling Introspective Utility with Revealed Preferences: Experimental Arguments based on Prospect Theory", Journal of Econometrics, May 2007, vol. 138, n° 1, pp. 356-378 (in coll. with C. Barrios, P. Wakker).
"Choice-based Elicitation and Decomposition of Decision Weights for Gains and Losses under Uncertainty", Management Science, 2005, vol. 51, n° 9, pp. 1384-1399 (in coll. with M. Vossmann, M. Weber).
"Testing prospect theories using probability tradeoff consistency", Journal of Risk and Uncertainty, March 2005, vol. 30, n° 2, pp. 107-131 (in coll. with G. Wu, J. Zhang).
"The Likelihood Method for Decision under Uncertainty", Theory and Decision, 2005, vol. 58, n° 1, pp. 3-76 (in coll. with P. Wakker).
"A Genuine Rank-dependent Generalization of the von Neumann-Morgenstern Expected Utility Theorem", Econometrica, 2002, vol. 70, n° 2, pp. 717-736.
"Parameter-free Elicitation of Utilities and Probability Weighting Functions", Management Science, 2000, vol. 46, n° 11, pp. 1497-1512.
"Substitutions probabilistiques et décision individuelle devant le risque : Expériences de laboratoire", Revue d'Economie Politique, 2000, vol. 111, pp. 29-39 (in coll. with B. Munier).
"The Risk-structure Dependence Effect: Experimenting with an Eye to Decision-Aiding", Annals of Operations Research, 1998, vol. 80, pp. 237-252 (in coll. with B. Munier).
"Comportements individuels devant le risque et distorsion des probabilités", Revue d'Economie Politique, 1995, vol. 105, n° 1, pp. 157-178.
Chapters in Edited Books
"Rank-dependent Utility", in Handbook of Rational and Social Choice, P. Anand, P. Pattanaik, C. Puppe (Eds), Oxford University Press, 2009.
"Décision dans l'incertain avec objectifs multiples", in Concepts et méthodes pour l'aide à la décision, P. Perny, D. Bouyssou, D. Dubois (Eds), Hermès, 2004, 25-62 (in coll. with C. Gonzalez).
"Rational Choice under Uncertainty", in Cognitive Economics, P. Bourgine, J. P. Nadal (Eds), Springer, 2004.
"How consistent are probability tradeoffs in individual preferences under risk?", in Beliefs, Interactions and Preferences in Decision Making, M. Machina, B. Munier (Eds), Kluwer Academic Publishers, 1999 (in coll. with B. Munier).
"The Closing-in Method : An Individual Tool to Investigate Individual Choice Patterns Under Risk", in Models and Experiments in Risk and Rationality, Kluwer Academic Publishers, 1994 (in coll. with B. Munier).
"Expected Utility Violation : An Appropriate and Intercultural Experiment", in Progress in Decision, Utility and Risk Theory, A. Chikan (ed.), Kluwer Academic Publishers, 1992 (in coll. with B. Munier).
"Individual vs. Collective Behavior: An Experimental Investigation of Risk and Time Preferences in Couples", Cahier de Recherche du Groupe HEC, 2011 (in coll. with C. PARASCHIV, O. L'HARIDON).
Employment Date: 2007
2000 Habilitation à diriger des recherches en économie (Qualified Research Supervisor), Université d'Aix en Provence, France.
1988 Ph.D. in Economics, Université d'Aix-Marseille, France.
Academic responsibilities at HEC
Research Director at CNRS.
2007- Affiliate Professor.
2007- Member, GREGHEC (CNRS).
External academic responsibilities
2004-2007 Lecturer in Decision Theory, Doctoral program (Finance), Université de Paris I.
2003-2007 Lecturer in Decision Analysis, Doctoral program, Ecole Nationale Supérieure d'Arts et Métiers (ENSAM).
1994-1999 Lecturer in Decision Analysis, ESSEC.
1992-2003 Lecturer in Decision Theory and Optimization, Ecole Normale Supérieure de Cachan.
Membership in Academic or Professional Organisation
ASFEE (Association Française dEconomie Expérimentale).
Elu président de l'Association Française d'Economie Expérimentale.
Awards & Honors
2009 Decision Analysis Society Publication Award, for the article "Loss Aversion under Prospect Theory: A Parameter-Free Measurement", Management Science, October 2007.
Decision Analysis and Risk Assessment
Decision under Uncertainty