Economics & Decision Sciences

The Department of Economics & Decision Sciences conducts research in economics, decision theory and statistics, with faculty members exploring a wide range of topics in macroeconomics, international trade, game theory, information theory, decision theory, learning, entrepreneurship and statistics.

The department counts around 20 professors. More than 30 articles have been published in top academic journals in Economics, Statistics and Decision Sciences within the last 2 years, and many of our professors received prizes and awards.

The department is in charge of teaching economics, statistics and entrepreneurship at undergraduate level, within specialized master programs and within the MBA program. Two Master Programs, “Managerial and Financial Economics” and “Master in Economics”, are managed by the department. Department professors also offer many courses in the HEC Paris Ph.D. program.

HEC Paris - S Building - © Jean-Marc Biais

Lead News

Dec 15, 2023

COP28 & François Gemenne: the Private Sector Needs to Be More Involved

Some are labeling the decision text”weak” and “full of loopholes”, others are welcoming it as “historic”. HEC professor François Gemenne was in the UAE capital Dubai to witness firsthand the sessions and debates at COP28. The lead author for IPPC returned to our HEC...

Nov 16, 2023

New Doctoral Students Bring Fresh Horizons to Ph.D. Family

11 new students embarked on the long and winding journey towards a Ph.D. in September, bringing the total number of doctoral candidates at HEC Paris to 56. Hailing from as far afield as Brazil, Singapore, Italy, India and Mexico, they were given an immediate taste of the...

Oct 20, 2023

HEC Accelerates its Recruitment Drive for Top Research Professors

HEC Paris continues its campaign to recruit world-class research professors with the arrival of 14 new academics to its faculty ranks. This maintains its long-term objective of becoming one of the world's research hubs. The academics join the Finance, Economics & Decision...

Feb 14, 2023

Gaetano Gaballo Wins European Research Council (ERC) Consolidator Grant

Gaetano Gaballo, Associate Professor of Economics at HEC Paris and member of the GREGHEC joint research lab with the CNRS, has been awarded a European Research Council (ERC) Consolidator Grant for his research project on inflation. Gaetano thus becomes HEC’s fourth...

Jan 20, 2023

Research on Equity Crowdfunding Accepted in the RAND Journal of Economics

HEC Paris Professor of Finance Stefano Lovo has had his research paper “Herding in Equity Crowdfunding” accepted for publication in the RAND Journal of Economics, the leading journal in industrial organization. The research is in collaboration with Thomas Astebro...

Jun 21, 2022

Itzhak Gilboa Ranked Among World's Top 6 Theoretical Economists

Itzhak Gilboa, Professor of Economics and Decision Sciences at HEC Paris, has been ranked 6th theoretical economist in the world in a study by Stanford University.

Jul 07, 2023

HEC and ChangeNOW 2023: Setting New Environmental Trends

HEC Paris was more present than ever in the annual ChangeNOW summit, organizing four sessions devoted to women entrepreneurs, transition and stability, impactful research and business for peace. The 2023 edition involving 35,000 participants from 120 countries was the...

Dec 13, 2022

2022: A "Grand Cru" for Research Impact

HEC Paris is ranked the top business school in Europe by the Financial Times, and research impact is part of the ranking’s factors. Indeed, HEC Paris is one of the world’s top research schools in economics and management, and our faculty aim to have an impact on pedagogy...

Oct 11, 2022

Major Influx into HEC’s Researcher-professor Community in 2022

HEC Paris welcomed 11 new research professors to its faculty ranks for this new academic year, one of the richest pickings in years. The top-class scholars join seven of the school’s nine departments, swelling HEC’s total of professor-researchers to 120.

Jul 25, 2022

D-TEA Marks its 10th edition with Homage to Pioneer David Schmeidler

The 2022 D-TEA (Decision: Theory, Experiments & Applications) was historic in two ways: as a tenth anniversary marking HEC’s expansion into a crucial economic field. And as a moving homage to one of the event’s pioneers, Professor David Schmeidler, who passed away on March...

Jun 20, 2022

PhD Dissertation Defense, Wei Zhao, Economics and Decision Sciences

Congratulations to Dr Wei Zhao, Economics and Decision Sciences specialization, who successfully defended his Doctoral Dissertation at HEC Paris, on June 21, 2022. Dr Zhao has accepted a position at Renmin University - School of Economics (China) as Assistant Professor...

Oct 05, 2022

Armin Steinbach awarded Jean Monnet Chair in Law and Economics

Professor Armin Steinbach has been awarded a Jean Monnet Chair in European Union Studies by the European Commission. Armin will hold the Chair in EU Law and Economics until 2025.

Jan 26, 2022

Armin Steinbach and a group of economists and lawyers propose blueprint for reforming Europe

A team of leading economists and lawyers specialising in EU affairs propose an ambitious yet feasible blueprint for reforming the European macroeconomic policy system in a CEPR Policy Insight.

Dec 21, 2021

HEC Academics Enjoy Rich Exchange with Station F Startuppers

More than a dozen of HEC’s top faculty members paid a visit to Station F in early December as part of a learning expedition to the world’s biggest startup campus. This was designed to further solidify the strong ties between the business school and this hub of incubating...

Dec 15, 2021

HEC Data Day Returns with Groundbreaking Multidisciplinary Research

The fourth Data Day saw a welcome return to in-person presentations and conversations. 21 months after its previous edition, this hybrid event involved 150 practitioners, researchers and students gathered in the Jouy campus’ T Building. The 2021 edition saw lively...

Oct 04, 2021

HEC Academic Makes Noise with Study on Flaw in Human Judgment

HEC Professor of Strategy (Education Track) Olivier Sibony joined forces with Nobel-laureate Daniel Kahneman and legal scholar Cass Sunstein to publish Noise, a monumental work on human error. The trio thus reinvents a term for this variability of judgment which pervades...

Jul 12, 2022

Armin Steinbach Nominated as Arbitrator in Bilateral Trade Disputes Involving the European Union

The European Commission has published a pool of individuals eligible for appointment as arbitrators and trade and sustainability experts in bilateral disputes under trade agreements with third countries. Armin Steinbach is one of the selected individuals following an...

Dec 07, 2021

PhD Dissertation Defense, Emilien Macault, Economics and Decision Sciences

Congratulations to Dr Emilien Macault, Economics and Decision Sciences specialization, who successfully defended his Doctoral Dissertation at HEC Paris, on December 7, 2021.

Oct 15, 2021

7 Professors Join HEC Paris in 2021, with a Focus on AI

A total of seven new professors have reinforced the ranks of HEC’s world-class academic staff. Allow us to introduce you to the seven arriving on campus: Yann Algan, Pablo M. Baquero, Julien Grand-Clément, Armin Steinbach, Klaus M. Miller, Matthew Yeaton and Aluna Wang...

Apr 23, 2021

Decision Scientists Remind of the Theories for Rational Policymaking During a Pandemic

HEC Paris Professor of Economics and Decision Sciences Itzhak Gilboa and fellow researchers have co-published an article calling for a dialog with decision makers. The recently-published article, “Rational policymaking during a pandemic” reminds legislators that modern...

Nov 12, 2020

HEC Paris Welcomes Five Top Research Professors

This year, five research professors join the ranks of HEC Paris’ faculty, making it a total of 116 HEC research professors in the faculty. The newcomers’ focus of research includes revenue management, consumer behavior, systems problems, human resources management, brand...

Jul 13, 2020

PhD Thesis Defense, Veronica Cappelli, Economics and Decision Sciences

Congratulations to Dr Veronica Cappelli, Economics and Decision Sciences, who successfully defended her Doctoral thesis at HEC Paris, on July 13, 2020. Veronica will join the Stanford University as postdoc researcher.

Jul 13, 2020

PhD Thesis Defense, Fan Wang, Economics and Decision Sciences

Congratulations to Dr Fan Wang, Economics and Decision Sciences, who successfully defended his Doctoral thesis at HEC Paris, on July 13, 2020. Fan will join the ESSEC Business School - Singapore as assistant professor.

Mar 05, 2020

PhD Thesis Defence, Thomas Rivera, Economics and Decision Sciences

Congratulations to Dr Thomas J. Rivera, Economics and Decision Sciences, who successfully defended his Doctoral thesis at HEC Paris, on March 4, 2020. Thomas joined the Desautels Faculty of Management at McGill University as Assistant Professor.

Oct 17, 2019

12 New Research Academics Arrive at HEC Paris

The October 3 Faculty Day featured welcome speeches for a dozen academic figures who join the ranks of HEC research professors, now numbering a total of 120. Faculty & Research Dean Jacques Olivier and Dean Peter Todd greeted the new staff members.

Jun 28, 2019

Ambiguity Takes Center Stage at D-TEA 2019

HEC’s 11th D-Tea conference saw leading academics in decision-making theory discuss ambiguity. The two-and-a-half day event in central Paris honored one of the ambiguity pioneers, David Schmeidler and included Nobel laureate Lars Hansen. HEC Professor Itzhak Gilboa invited...

Jun 28, 2019

Q&A with Nobel Laureate Lars Hansen

Lars Hansen was awarded the Nobel Memorial Prize in Economics in 2013. The Professor in economics at the University of Chicago was one of the major figures at the 11th D-Tea Conference organized in early June 2019 by HEC academic Itzhak Gilboa.

Jun 22, 2018

D-TEA Highlights Behavioral Economics in Decision-making

The 2018 edition of HEC Paris’ annual D-TEA workshop brought together world-class researchers around the theme “Modes of Decision-making”. Almost 100 people attended the May 23-25 event organized by the HEC Decision Science team. The three days of intense exchange related...

Sep 11, 2019

Welcome to the new PhD 2019 cohort

We are happy and proud to welcome our new 12 high potential PhD students to our campus (9 nationalities and all from top schools) who started their PhD journey last week. They were welcomed both by PhD fellow students, staff, professors and the HEC Foundation who is the...

Jun 27, 2019

2019 HEC PhD Graduates

Warm congratulations to all our 2019 PhD graduates. Ali Shantia (Information Systems and Operations Management) - Charles Boissel (Finance) - Elena Fumagalli (Marketing) - Elena Plaksenkova (Strategy and Business Policy) - Jiachen Yang (Management and Human Resources) -...

Apr 25, 2018

Itzhak Gilboa Elected to American Academy of Arts & Sciences

HEC Paris Professor and AXA Chair for Decision Sciences Itzhak Gilboa has been elected an “International Honorary Member” of the prestigious American Academy of Arts & Sciences. The specialist in decision theory thus marks his ten years in the business school as one of...

Jun 21, 2017

D-TEA conference: Can Majority Judgment Solve the Iniquities of the Majority Rule Voting System ? Two Researchers Are Convinced it Can

HEC Professor Itzhak Gilboa and his team decided to devote themselves to the theme of voting at the 2017 D-TEA workshop (Decision: Theory, Experiments & Applications). Set in the historic Institut Henri Poincaré, central Paris, the economist and specialist in Decision...

Jun 03, 2015

D-TEA Conference 2015 : the Best of Research in Decisions Making and Finance

On May 27th-29th 2015, HEC Paris in partnership with the AXA Research Fund organized the 7th edition of its D-TEA (Decision: Theory, Experiments, and Applications) conference. The event took place in Paris 8 at AXA GIE. It brought together distinguished scholars from a...

Feb 11, 2015

Itzhak Gilboa receives 2014 Best Researcher prize for his work in decision science

The 2014 edition of the HEC Foundation awards was held on 15 December 2014 in the presence of Guillaume Poitrinal, president of the HEC Foundation, and Bernard Ramantsoa, director of HEC Paris. In their 38th year, the awards highlighted excellence in management science and...

Jun 10, 2014

D-TEA Conference: Understanding the Rationality in Decision-Making

The question of who makes decisions, and how these decisions are made, has shaped the world’s systems of government, justice, business and social order. Research in decision science has always broken new ground, and HEC Paris organized the 6th edition of its D-TEA...

Mar 14, 2014

Brian Hill is awarded the CNRS 2014 Bronze Medal for Research on Decision Science

Brian Hill, affiliate professor at the Economics and Decision Science department, has been awarded the Bronze medal by France’s national research institute CNRS. A talented specialist in his field, this award recognizes Brian Hill’s first research work.