Main Focus

Action, Emotions/Sentiments, Heuristics, Knowledge/Uncertainty, Simplicity/Complexity.

Curriculum Vitae

Shabnam Mousavi was once an electrical engineer, then obtained a PhD in Economics and one in Statistics from Virginia Tech. She is a nondisciplinary scientist exploring the many aspects of human action. She has held university faculty positions in finance at Johns Hopkins and Georgia State and in statistics at Penn State. She has been a fellow of the Max Planck Institute for Human Development in Berlin since 2007, as well as a network member of the University of Chicago Wisdom Project since 2008. She is president of the Society for the Advancement of Behavioral Economics (2018-20). Shabnam is editor-in-chief for Mind and Society, and associate editor for Behavioral Economics for Public Policy. She serves on the steering committee of the Bank of Italy BEFAIRLY initiative; and the advisory boards of Evonomics, the Ethics Labs of the Technical University of Munich (TUM), and the Behavioral Decision Making Labs of the American University in Cairo. Her work emanating from interdisciplinary collaboration with scholars of psychology, economics, philosophy, statistics, and education has appeared in academic journals across disciplines, including Brain and Behavioral Science, Business Research, Economic Methodology, Quality Technology, Risk Management in Financial Institutions, and featured internationally in Changing Business, Die Zeit, Johns Hopkins Health Review, Johns Hopkins Magazine, Neue Zürcher Zeitung, Science News, CBC’s The Current, and Conversation. She is co-author/co-editor of Handbook of Behavioral Economics (2017), Behavioral Finance Revolution (2018), and A Fast and Frugal Finance (2019). She is the recipient of A Wisdom Project grant from the University of Chicago, and a Think Forward Initiative grant from the ING Bank. Currently, she is working on “Lost & Found Emotions in the History of Economic Modeling”, as a recipient of the “Original—isn't it?” award from the Volkswagen Foundation.



PUBLICATIONS

 

Books

Mousavi, S. (forthcoming in 2021) Fast-and-Frugal Decision Making. Palgrave MacMillan.
Forbes, W; Igboekwu, A.; and S. Mousavi (2019) A Fast and Frugal Finance: Bridging Contemporary Behavioral Finance and Ecological Rationality. Elsevier.
Viale, R.; Mousavi, S.; Alemanni, B.; and Filotto, U. (Eds., 2018). The Behavioral Finance Revolution: A New Approach to Financial Policies and Regulations. Edward Elgar.
Frantz, R.; Chen, S.; Dopfer, K.; and S. Mousavi (Eds., 2017). Handbook of Behavioral Economics. Routledge.

 

Doctoral Dissertations

A Log-Likelihood Based CUSUM Control Chart for Monitoring Proportions with Correlated Observations.

            Advisor: Marion R. Reynolds, Jr., Virginia Tech. 2006.

http://theses.lib.vt.edu/theses/available/etd-02182006-145606/

 

Methodological Foundations for Bounded Rationality as a Primary Framework.

            Advisor: T. Nicholaus Tideman, Virginia Tech. 2002.

http://theses.lib.vt.edu/theses/available/etd-12222002-183717/

 

 

Articles

Mousavi, S.; and T. N. Tideman (2020). Beyond Economists’ Armchair: The Rise of Procedural Economics. In R. Viale (Ed.) Handbook of Bounded Rationality. Routledge.
Mousavi, S., and Sunder, S. (2019). Physical Laws and Human Behavior: A Three-Tier Framework. Cowles Foundation Discussion Paper No. 2173. Available at: https://ssrn.com/abstract=3374715. doi:10.31219/osf.io/nmpc8 
Mousavi, S., and J. Schulkin (2019). Ecological Rationality and Evolutionary Medicine: A Fundamental Bridge in Medical Education. In J. Schulkin and M. Power (Eds.) Integrating Evolution into Medical Education: An Evolving Perspective. Oxford University Press.
Kheirandish, R.; and S. Mousavi (2019). Herbert Simon, Innovation, and Heuristics. Mind and Society 17: 1-13. https://doi.org/10.1007/s11299-019-00203-6
Mousavi, S. (2018). Behavioral Policymaking with Bounded Rationality. In R. Viale, S. Mousavi, B. Alemanni, & U. Filotto (Eds.) The Behavioral Finance Revolution: A New Approach to Financial Policies and Regulations. Edward Elgar. 20-32.
Mousavi, S. (2018). What Do Heuristics Have to Do with Policymaking? Journal of Behavioral Economics for Policy 2(1), 69-74.
Mousavi, S. (2018). Book Review: Handbook of the Economics of Risk and Uncertainty. Frontiers of Psychology 9:730. doi: 10.3389/fpsyg.2018.00730.
Mousavi, S., and G. Gigerenzer (2017). Heuristics are Tools for Uncertainty. Journal of Homo Oeconomicus 34, 361-379.
Mousavi, S.; and R. Kheirandish (2017). Policy Making with Behavioral Insight. Journal of Behavioral Economics for Policy 1(1), 35-39.
Mousavi, S. (2017b). What Makes People Tick? Journal of Bioeconomics 19(2). 253-256. DOI 10.1007/s10818-017-9244-0.
Mousavi, S.; and D. Funder (2017). Accurate Perceptions Do Not Need Complete Information to Reflect Reality. Behavioral and Brain Sciences 40, e12. DOI 10.1017/S0140525X15002393.
Nagel, R.; Bayona, A.; Kheirandish, R.; and S. Mousavi (2017). Reinhard Selten, the Dualist. In R. Frantz, S. Chen, K. Dopfer, and S. Mousavi (Eds.) Handbook of Behavioral Economics. Routledge. 66-87.
Mousavi, S. (2017a). Gerd Gigerenzer and Vernon Smith on Ecological Rationality and Heuristics. In R. Frantz, S. Chen, K. Dopfer; and S. Mousavi (Eds.) Handbook of Behavioral Economics. Routledge. 88-100.
Mousavi, S.; Gigerenzer, G.; and R. Kheirandish (2017). Rethinking Behavioral Economics through Fast-and-Frugal Heuristics. In R. Frantz, S. Chen, K. Dopfer, and S. Mousavi (Eds.) Handbook of Behavioral Economics. Routledge. 280-296.
Mousavi, S.; Neth, H.; Meder, B.; and R. Kheirandish (2017). Heuristics: Fast, Frugal, and Smart. In M. Altman (Ed.), Handbook of Behavioral Economics and Smart Decision-Making: Rational Decision-Making within the Bounds of Reason. Edward Elgar. 101-118.
Mousavi, S. (2015). Amos Tverskey- Encyclopedia Entry. In M. Altman (Ed.) Real-World Decision Making: An Encyclopedia of Behavioral Economics. Greenwood. 447-450.
Mousavi, S. (2015). Ecological Rationality- Encyclopedia Entry. In M. Altman (Ed.) Real-World Decision Making: An Encyclopedia of Behavioral Economics. Greenwood. 105.
Mousavi, S.; and G. Gigerenzer (2014). Risk, Uncertainty, and Heuristics. Journal of Business Research 67(8). 1671-1678.
Mousavi, S.; and R. Kheirandish (2014). Behind and Beyond a Shared Definition of Ecological Rationality: A Functional View of Heuristics. Journal of Business Research 67(8). 1780-1785.
Mousavi, S.; and G. Gigerenzer (2011). Revisiting the “Error” in Studies of Cognitive Error. In D. A. Hofmann, and M. Frese (Eds.), Errors in Organizations. Society for Industrial and Organizational Psychology (SIOP) Frontiers Series Book. Psychology Press, Taylor and Francis. 97-112.
Shefrin, H.; and S. Mousavi (2010). Prediction Tools: Financial Market Regulation, Politics, and Psychology. Journal of Risk Management in Financial Institutions 3(4). 318-333.
Mousavi, S.; and M. R. Reynolds, Jr. (2009). A CUSUM Chart for Monitoring a Proportion with Autocorrelated Binary Observations. Journal of Quality Technology 41(4). 401-414.
Mousavi, S.; and M. R. Reynolds, Jr. (2008). Generalized Markov Binary CUSUM. American Statistical Association Joint Statistical Meetings Papers and Proceedings.
Fraker, S. E.; Woodall, W. H.; and S. Mousavi (2008). Performance Metrics for Surveillance Schemes. Quality Engineering 20(4). 451 464.
Barton, A.; Mousavi, S.; and J. R. Stevens (2007). A Statistical Taxonomy and Another "Chance" for Natural Frequencies. Behavioral and Brain Sciences 30. 255-6.
Haller, H. H.; and S. Mousavi (2007). Uncertainty Improves the Second Best. In M. Abdellaoui, R. Luce, M. J. Machina, and B. Munier (Eds.), Uncertainty and Risk: Mental, Formal, Experimental Representations. 85-100.
Hewett, R.; Holt, C. A.; Kosmopoulou, G.; Kymn, C.; Long, C. X.; Mousavi, S.; and S. Sarangi (2005). A Classroom Exercise: Voting by Ballots and Feet. Southern Economics Journal 72(1). 253-263.
Mousavi, S.; and J. Garrison (2003). Toward a Transactional Theory of Decision Making: Creative Rationality as Functional Coordination in Context. Journal of Economic Methodology 10(2). 131-156.



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