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David de Meza and Diane Reyniers

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About the authors and department

Personal webpages:

David de Meza:
http://www.lse.ac.uk/management/people/dde-meza.aspx

Diane Reyniers:
http://www.lse.ac.uk/management/people/dreyniers.aspx

Management Department:
http://www.lse.ac.uk/management/home.aspx
 

Relevant research

Arabsheibani, G; de Meza, D; Maloney, J; Pearson, B (2000), ‘And a vision appeared unto them of a great profit: evidence of self-deception among the self-employed’, Economics Letters. Vol. 67, Issue 1, pp. 35-41 http://eprints.lse.ac.uk/35878/

Coelho, M; de Meza, D; Reyniers, D (2004), ‘Irrational exuberance, entrepreneurial finance and public policy’ 59th Congress of the International-Institute-of-Public-Finance, International Tax and Public Finance, Vol. 11, Issue 4, pp. 391-417  http://eprints.lse.ac.uk/17279/

De Meza, D; Webb, DC (2001), ‘Advantageous selection in insurance markets, Rand Journal of Economics, Vol. 32, Issue 2, pp. 249-262 http://eprints.lse.ac.uk/18432/

Coelho, Marta; de Meza, David (2012), ‘Do bad risks know it? Experimental evidence on optimism and adverse selection’, Economics Letters. Vol. 114, Issue 2, pp. 168-171 http://eprints.lse.ac.uk/39074/

De Meza, Bernd Irlenbusch and Diane Reyniers (2007), ‘Information versus persuasion: Experimental Evidence on Salesmanship, Mandatory Disclosure and the Purchase of Income and Loan Payment Protection Insurance’, Financial Services Authority Special Paper, published in revised form as an Institute for the Study of Labor (IZA) Discussion Paper, www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=5060 http://eprints.lse.ac.uk/25998/

De Meza, Bernd Irlenbusch and Diane Reyniers (2008), ‘Financial Capability: A Behavioural Economics perspective’, FSA Consumer Research Paper 69 (CR 69) http://www.fsa.gov.uk/pubs/consumer-research/crpr69.pdf the paper has been translated into Korean and published by the Korean Investors Protection Foundation. http://eprints.lse.ac.uk/25999/

Evidence of impact

Changes in strategic thinking

The impact of behavioural economics research is described in two Financial Times articles which include interviews with Martin Wheatley, Chief Executive of FCA, and which indirectly refer to the research: ‘Watchdog to protect ‘irrational’ investors’, Financial Times 24/1/12 http://www.ft.com/cms/s/0/7a681cc2-4674-11e1-85e2-00144feabdc0.html#axzz2WUM14CTP

‘FCA targets exploitative tactics’, Financial Times 10/4/13 http://www.ft.com/cms/s/0/ff1e3f18-a1e6-11e2-ad0c-00144feabdc0.html#axzz2WfhHYLxC  

Ofcom (2010), ‘Using experiments in consumer research’ p. 1 (March 2010) http://stakeholders.ofcom.org.uk/market-data-research/other/telecoms-research/experiments/

Ofgem (2011), ‘What can behavioural economics say about GB energy consumers?,’ March 21, Appendix 1: Behavioural Economics in Practice, pp. 21-22 http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&ved=0CC8QFjAA&url=http%3A%2F%2Fwww.ofgem.gov.uk%2FMARKETS%2FRETMKTS%2FRMR%2FDocuments1%2FBehavioural_Economics_GBenergy.pdf&ei=zJFdUo2PG_G10QXEyoGQCg&usg=AFQjCNHjf9utBBVtR6rzq3dVO43ErY653w&bvm=bv.53899372,d.d2k

Wider benefits in the market for pensions

Office of Fair Trading (2013), Defined contribution workplace pension market study, OFT1505,   http://webarchive.nationalarchives.gov.uk/20131101164215/http:/www.oft.gov.uk/shared_oft/market-studies/oft1505

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