Professor Lionel Page
Professor in Economics
School of Economics
+61 7 336 56558
Room 505A, Level 6 Colin Clark Building (#39)
I am interested in understanding how people make decisions, alone or in groups. My research links insights from economic theory (theory of decision and game theory) and from other behavioural sciences such as psychology.
My book Optimally Irrational will be published in 2022.
| Featured Project | Duration |
|---|---|
| Highlighting the benefits of price incentives for electric vehicle charging: evidence from a field experiment with telematics data | (2022–2023) |
Book Chapters
Newell, Anthony and Page, Lionel (2019). An interoceptive walk down Wall Street. Biophysical measurement in experimental social science research: Theory and Practice. (pp. 149-165) edited by Gigi Foster. London, United Kingdom: Academic Press. doi: 10.1016/b978-0-12-813092-6.00006-x
Coates, John and Page, Lionel (2016). Biology of financial market instability. The new Palgrave dictionary of economics. (pp. 1-10) London, United Kingdom: Palgrave Macmillan UK. doi: 10.1057/978-1-349-95121-5_3023-1
Journal Articles
Page, Lionel (2024). Review of ' A theory of everyone' ' by Michael Muthukrishna. Behavioural Public Policy, 1-3. doi: 10.1017/bpp.2024.28
Kubitz, Greg, Page, Lionel and Wan, Hao (2024). Momentum in contests and its underlying behavioral mechanisms. Economic Theory, 1-40. doi: 10.1007/s00199-024-01557-w
Heraud, Florian and Page, Lionel (2024). Does the left-digit bias affect prices in financial markets?. Journal of Economic Behavior and Organization, 218, 20-29. doi: 10.1016/j.jebo.2023.10.012
Gauriot, Romain, Page, Lionel and Wooders, John (2023). Expertise, gender, and equilibrium play. Quantitative Economics, 14 (3), 981-1020. doi: 10.3982/qe1563
Ke, Changxia, Morath, Florian, Newell, Anthony and Page, Lionel (2022). Too big to prevail: the paradox of power in coalition formation. Games and Economic Behavior, 135, 394-410. doi: 10.1016/j.geb.2022.04.006
Descamps, Ambroise, Ke, Changxia and Page, Lionel (2022). How success breeds success. Quantitative Economics, 13 (1), 355-385. doi: 10.3982/QE1679
Page, Lionel, Noussair, Charles N. and Slonim, Robert (2021). The replication crisis, the rise of new research practices and what it means for experimental economics. Journal of the Economic Science Association, 7 (2), 210-225. doi: 10.1007/s40881-021-00107-7
Soldà, Alice, Ke, Changxia, von Hippel, William and Page, Lionel (2021). Absolute versus relative success: why overconfidence creates an inefficient equilibrium. Psychological Science, 32 (10), 1663-1674. doi: 10.1177/09567976211007414
Page, Lionel and Siemroth, Christoph (2021). How much information is incorporated into financial asset prices? Experimental evidence. Review of Financial Studies, 34 (9), 4412-4449. doi: 10.1093/rfs/hhaa143
Engler, Yola and Page, Lionel (2021). Driving a hard bargain is a balancing act: how social preferences constrain the negotiation process. Theory and Decision, 93 (1), 7-36. doi: 10.1007/s11238-021-09835-y
Descamps, Ambroise, Massoni, Sébastien and Page, Lionel (2021). Learning to hesitate. Experimental Economics, 25 (1), 359-383. doi: 10.1007/s10683-021-09718-7
Page, Lionel (2021). Introduction: Behavioural science and regulation on disclosure and consumer protection. Behavioural Public Policy, 5 (2), 222-224. doi: 10.1017/bpp.2019.33
Zhou, Fan, Zheng, Zuduo, Whitehead, Jake, Perrons, Robert K., Washington, Simon and Page, Lionel (2020). Examining the impact of car-sharing on private vehicle ownership. Transportation Research Part A: Policy and Practice, 138, 322-341. doi: 10.1016/j.tra.2020.06.003
Hew, Aiwen, Perrons, Robert K., Washington, Simon, Page, Lionel and Zheng, Zuduo (2020). Using digital technologies to deliver scenarios to geographically dispersed stakeholders: lessons learned from the transportation sector. Futures, 120 102567, 102567. doi: 10.1016/j.futures.2020.102567
Page, Lionel (2020). Assessing the unidimensionality of political opinions. An indirect test of the persuasion bias. Journal of Economic Behavior and Organization, 174, 469-477. doi: 10.1016/j.jebo.2019.11.003
Zhou, Fan, Zheng, Zuduo, Whitehead, Jake, Washington, Simon, Perrons, Robert K. and Page, Lionel (2020). Preference heterogeneity in mode choice for car-sharing and shared automated vehicles. Transportation Research Part A: Policy and Practice, 132, 633-650. doi: 10.1016/j.tra.2019.12.004
Page, Lionel, Sarkar, Dipanwita and Silva-Goncalves, Juliana (2019). Long-lasting effects of relative age at school. Journal of Economic Behavior and Organization, 168, 166-195. doi: 10.1016/j.jebo.2019.10.005
Zhou, Fan, Page, Lionel, Perrons, Robert K., Zheng, Zuduo and Washington, Simon (2019). Long-term forecasts for energy commodities price: what the experts think. Energy Economics, 84 104484, 104484. doi: 10.1016/j.eneco.2019.104484
Gauriot, Romain and Page, Lionel (2019). Fooled by performance randomness: verrewarding luck. The Review of Economics and Statistics, 101 (4), 658-666. doi: 10.1162/rest_a_00783
Gauriot, Romain and Page, Lionel (2019). Does success breed success? A quasi-experiment on strategic momentum in dynamic contests. The Economic Journal, 129 (624), 3107-3136. doi: 10.1093/ej/uez040
Collins, Jason and Page, Lionel (2019). The heritability of fertility makes world population stabilization unlikely in the foreseeable future. Evolution and Human Behavior, 40 (1), 105-111. doi: 10.1016/j.evolhumbehav.2018.09.001
Soldà, Alice, Ke, Changxia, Page, Lionel and von Hippel, William (2019). Strategically delusional. Experimental Economics, 23 (3), 604-631. doi: 10.1007/s10683-019-09636-9
Hew, Aiwen, Perrons, Robert K., Washington, Simon, Page, Lionel and Zheng, Zudou (2018). Thinking together about the future when you are not together: the effectiveness of using developed scenarios among geographically distributed groups. Technological Forecasting and Social Change, 133, 206-219. doi: 10.1016/j.techfore.2018.04.005
Engler, Yola, Kerschbamer, Rudolf and Page, Lionel (2018). Guilt averse or reciprocal? Looking at behavioral motivations in the trust game. Journal of the Economic Science Association, 4 (1), 1-14. doi: 10.1007/s40881-018-0051-8
Gauriot, Romain and Page, Lionel (2018). Psychological momentum in contests: the case of scoring before half-time in football. Journal of Economic Behavior and Organization, 149, 137-168. doi: 10.1016/j.jebo.2018.02.015
Xie, Zhixin, Page, Lionel and Hardy, Ben (2017). Investigating gender differences under time pressure in financial risk taking. Frontiers in Behavioral Neuroscience, 11 246. doi: 10.3389/fnbeh.2017.00246
Ke, Changxia, Page, Lionel and Sheremeta, Roman (2017). Economics and psychology of contests. Journal of Economic Psychology, 63, 83-85. doi: 10.1016/j.joep.2017.11.002
Ely, Jeffrey, Gauriot, Romain and Page, Lionel (2017). Do agents maximise? Risk taking on first and second serves in tennis. Journal of Economic Psychology, 63, 135-142. doi: 10.1016/j.joep.2017.02.006
Page, Lionel, Sarkar, Dipanwita and Silva-Goncalves, Juliana (2017). The older the bolder: does relative age among peers influence children's preference for competition?. Journal of Economic Psychology, 63, 43-81. doi: 10.1016/j.joep.2017.10.002
Buscha, Franz, Muller, Daniel and Page, Lionel (2017). Can a common currency foster a shared social identity across different nations? The case of the euro. European Economic Review, 100, 318-336. doi: 10.1016/j.euroecorev.2017.08.011
Zhou, Fan, Zheng, Zuduo, Whitehead, Jake, Perrons, Robert, Page, Lionel and Washington, Simon (2017). Projected prevalence of car-sharing in four Asian-Pacific countries in 2030: what the experts think. Transportation Research Part C: Emerging Technologies, 84, 158-177. doi: 10.1016/j.trc.2017.08.023
Page, Lionel and Coates, John (2017). Winner and loser effects in human competitions. Evidence from equally matched tennis players. Evolution and Human Behavior, 38 (4), 530-535. doi: 10.1016/j.evolhumbehav.2017.02.003
Page, Lionel and Page, Katie (2017). Human studies: reforms overdue for ethical reviewing. Nature, 544 (7649) 161, 161-161. doi: 10.1038/544161d
Engler, Yola, Kerschbamer, Rudolf and Page, Lionel (2017). Why did he do that? Using counterfactuals to study the effect of intentions in extensive form games. Experimental Economics, 21 (1), 1-26. doi: 10.1007/s10683-017-9522-7
Page, Lionel and Siemroth, Christoph (2017). An experimental analysis of information acquisition in prediction markets. Games and Economic Behavior, 101, 354-378. doi: 10.1016/j.geb.2015.11.002
Tam, King Wa and Page, Lionel (2016). Effects of language proficiency on labour, social and health outcomes of immigrants in Australia. Economic Analysis and Policy, 52, 66-78. doi: 10.1016/j.eap.2016.08.003
Kandasamy, Narayanan, Garfinkel, Sarah N., Page, Lionel, Hardy, Ben, Critchley, Hugo D., Gurnell, Mark and Coates, John M. (2016). Interoceptive ability predicts survival on a London trading floor. Scientific Reports, 6 (1) 32986. doi: 10.1038/srep32986
Weeks, Clinton S., Mortimer, Gary and Page, Lionel (2016). Understanding how consumer education impacts shoppers over time: a longitudinal field study of unit price usage. Journal of Retailing and Consumer Services, 32, 198-209. doi: 10.1016/j.jretconser.2016.06.012
Muller, Daniel and Page, Lionel (2016). Born leaders: Political selection and the relative age effect in the US Congress. Journal of the Royal Statistical Society. Series A: Statistics in Society, 179 (3), 809-829. doi: 10.1111/rssa.12154
Page, Lionel and Goldstein, Daniel G. (2016). Subjective beliefs about the income distribution and preferences for redistribution. Social Choice and Welfare, 47 (1), 25-61. doi: 10.1007/s00355-015-0945-9
von Hippel, William, Baker, Ernest, Wilson, Robbie, Brin, Loic and Page, Lionel (2016). Detecting deceptive behaviour after the fact. British Journal of Social Psychology, 55 (2), 195-205. doi: 10.1111/bjso.12129
Muller, Daniel and Page, Lionel (2015). A new approach to measure tactical voting: evidence from the British elections. Applied Economics, 47 (36), 3839-3858. doi: 10.1080/00036846.2015.1019037
Chan, Ho Fai, Guillot, Malka, Page, Lionel and Torgler, Benno (2015). The inner quality of an article: Will time tell?. Scientometrics, 104 (1), 19-41. doi: 10.1007/s11192-015-1581-y
Morton, Rebecca B., Muller, Daniel, Page, Lionel and Torgler, Benno (2015). Exit polls, turnout, and bandwagon voting: Evidence from a natural experiment. European Economic Review, 77, 65-81. doi: 10.1016/j.euroecorev.2015.03.012
Page, Lionel, Savage, David A. and Torgler, Benno (2014). Variation in risk seeking behaviour following large losses: A natural experiment. European Economic Review, 71, 121-131. doi: 10.1016/j.euroecorev.2014.04.009
Hardy, Ben, Page, Lionel, Schaffner, Markus, Graggaber, Johann, Powlson, Andrew S., Fletcher, Paul C., Gurnell, Mark and Coates, John (2014). Cortisol shifts financial risk preferences Narayanan Kandasamy1. Proceedings of the National Academy of Sciences of the United States of America, 111 (9), 3608-3613. doi: 10.1073/pnas.1317908111
Ouazad, Amine and Page, Lionel (2013). Students' perceptions of teacher biases: Experimental economics in schools. Journal of Public Economics, 105, 116-130. doi: 10.1016/j.jpubeco.2013.05.002
Page, Lionel and Clemen, Robert T. (2013). Do Prediction Markets Produce Well-Calibrated Probability Forecasts?. Economic Journal, 123 (568), 491-513. doi: 10.1111/j.1468-0297.2012.02561.x
Buscha, Franz, Maurel, Arnaud, Page, Lionel and Speckesser, Stefan (2012). The Effect of Employment while in High School on Educational Attainment: A Conditional Difference-in-Differences Approach. Oxford Bulletin of Economics and Statistics, 74 (3), 380-396. doi: 10.1111/j.1468-0084.2011.00650.x
Page, Lionel (2012). 'it ain't over till it's over.' Yogi Berra bias on prediction markets. Applied Economics, 44 (1), 81-92. doi: 10.1080/00036846.2010.498578
Page, Katie and Page, Lionel (2010). Alone against the crowd: Individual differences in referees' ability to cope under pressure. Journal of Economic Psychology, 31 (2), 192-199. doi: 10.1016/j.joep.2009.08.007
Page, Lionel and Page, Katie (2010). Last shall be first: A field study of biases in sequential performance evaluation on the Idol series. Journal of Economic Behavior and Organization, 73 (2), 186-198. doi: 10.1016/j.jebo.2009.08.012
Page, Lionel (2010). Experimental Economies method to study pupils motivation. Revue d'Economie Politique, 120 (5), 779-792. doi: 10.3917/redp.205.0779
Coates, John M. and Page, Lionel (2009). A note on trader sharpe ratios. PLoS ONE, 4 (11) e8036. doi: 10.1371/journal.pone.0008036
Page, Lionel (2009). Is there an optimistic bias on betting markets?. Economics Letters, 102 (2), 70-72. doi: 10.1016/j.econlet.2008.10.006
Page, Lionel and Page, Katie (2009). Stakes and Motivation in Tournaments: Playing When There is Nothing to Play for but Pride. Economic Analysis and Policy, 39 (3), 455-464. doi: 10.1016/S0313-5926(09)50039-2
Di Pietro, Giorgio and Page, Lionel (2008). Who studies abroad? Evidence from France and Italy. European Journal of Education, 43 (3), 389-398. doi: 10.1111/j.1465-3435.2008.00355.x
Page, Lionel, Levy Garboua, Louis and Montmarquette, Claude (2007). Aspiration levels and educational choices: An experimental study. Economics of Education Review, 26 (6), 747-757. doi: 10.1016/j.econedurev.2007.06.001
Page, Lionel and Page, Katie (2007). The second leg home advantage: evidence from European football cup competitions. Journal of Sports Sciences, 25 (14), 1547-1556. doi: 10.1080/02640410701275219
Page, Lionel (2005). From social inequalities to educational inequalities: Educational choices and prospect theory Des inégalités sociales aux inégalités scolaires: Choix éducatifs et Prospect Theory. Revue Economique, 56 (3), 615-624. doi: 10.3917/reco.563.0615
Conference Papers
Gauriot, Romain and Page, Lionel (2015). I take care of my own: A field study on how leadership handles conflict between individual and collective incentives. American Economic Association. doi: 10.1257/aer.p20151019
Carton, Andrew M., Larrick, Richard P. and Page, Lionel (2011). Back to the grind: How attention affects satisfaction during goal pursuit. Academy of Management. doi: 10.5464/AMBPP.2011.242.a
Working Paper
Page, Lionel, Sarkar, Dipanwita and Silva-Goncalves, Juliana (2019). Long-lasting effects of relative age at school. LCC Working Paper Series. 2019-04. Institute for Social Science Research, The University of Queensland.