Prof Morten Lau, BSc, MSc, PhD

Contact Prof Morten Lau (email at m.i.lau@durham.ac.uk)

Biography

Morten joined Durham University Business School in October 2010 as Professor of Behavioural Finance. Prior to this, he was Professor of Economics at Newcastle University (2008 to 2010), Lecturer/Reader at Durham University Business School (2005 to 2008), and was an Economist at the Ministry of Business and Industry in Denmark from 1996 to 2005. He has published in international journals such as Econometrica, American Economic Review, International Economic Review and Scandinavian Journal of Economics.

Research Interests

• Applied microeconomics
• Behavioral finance
• Experimental economics
• Public finance

Research Groups

• Accounting and Finance
• Behavioural Economics and Finance

Publications

Books: sections

• Harrison, G.W., Lau, M.I. & Rutström, E.E. (2012). Theory, Experimental Design and Econometrics Are Complementary. In Methods of Modern Experimental Economics. Frechette, G. & Schotter, A. Oxford, UK: Oxford University Press. Forthcoming.
• Andersen, S., Harrison, G.W., Lau, M.I. & Rutström, E.E. (2008). Risk aversion in game shows. In Risk Aversion in Experiments. Cox, E.J. & Harrison, G.W. Bingley UK.: Emerald. 12.
• Harrison, G.W., Lau, M.I., Rutstrom, E.E. & Sullivan, M.B. (2005). Eliciting risk and time preferences using field experiments Some methodological issues. In Field Experiments in Economics. Carpenter, J., Harrison, G.W. & List, J.A. Greenwich, CT: JAI Press. 10.
• Harrison, G.W., Jensen, J., Lau, M.I. & Rutherford, T.F. (2002). Policy reform without tears. In Policy Evaluation with Computable General Equilibrium Models. Fossati, A & Wiegaard, W New York: Routledge.
• Lau, M.I. (2000). Assessing tax reforms when human capital is endogenous. In Using Dynamic General Equilibrium Models for Policy Analysis. Harrison, G.W., Jensen, S.E.H., Pedersen, L.H. & Rutherford, T.F. Amsterdam, NL:
• Lau, M.I., Klynge, A.H. & Hoffmann, A.N. (1999). En strukturøkonomisk model: MobiDK (A Neoclassical Model: MobiDK). In Økonomi og Erhvervspolitik. Jensen, S.E.H. Handelshøjskolens Forlag. 171-200.
• Hoffmann, A.N., Lau, M.I. & Rasmussen, T.N. (1999). Samfundsøkonomiske virkninger af øgede bevillinger til innovation (Economic Effects of Increased Subsidies to Innovation). In Økonomi og Erhvervspolitik. Jensen, S.E.H. Handelshøjskolens Forlag. 233-256.
• Tarp, F. & Lau, M.I. (1998). Mozambique Macroeconomic performance and critical development issues. In Post-Apartheid Southern Africa: Economic Challenges and Policies for the Future. Petersson, L. London, UK: Routledge.

Journal papers: academic

• Harrison, G.W., Lau, M.I. & Read, D. (2012). Introduction to FUR Special Issue. Theory and Decision Forthcoming.
• Andersen, S., Harrison, G.W., Hole, A.R., Lau, M.I. & Rutström, E.E. (2012). Non-Linear Mixed Logit. Theory and Decision 73(1): 77-96.
• Harrison, G.W., Lau, M.I., Rutström, E.E. & Tarazona-Gomez, M. (2012). Preferences over social risk. Oxford Economic Papers 65(1): 25-46.
• Hansen, J.V., Jacobsen, R.H. & Lau, M.I. (2012). Willingness to Pay for Insurance in Denmark. Journal of Risk and Insurance Forthcoming.
• Andersen, S., Harrison, G.W., Lau, M.I. & Rutström, E.E. (2010). Behavioral Econometrics for Psychologists. Journal of Economic Psychology 31(4): 553-576.
• Harrison, G.W., Lau, M.I. & Rutström, E.E. (2010). Individual Discount Rates and Smoking: Evidence From a Field Experiment in Denmark. Journal of Health Economics 29(5): 708-717.
• Andersen, S., Harrison, G.W., Lau, M.I. & Rutström, E.E. (2010). Preference Heterogeneity in Experiments: Comparing the Field and Lab. Journal of Economic Behavior and Organization 73(2): 209-224.
• Harrison, G.W., Lau, M.I. & Rutström, E.E. (2009). Risk attitudes, randomization to treatment, and self-selection into experiments. Journal of Economic Behavior and Organization 70(3): 498-507.
• Andersen, S., Harrison, G.W., Lau, M.I. & Rutstrom, E.E. (2008). Eliciting risk and time preferences. Econometrica 76(3): 583-618.
• Andersen, S., Lau, M.I., Harrison, G.W. & Rutstrom, E. (2008). Lost in state space: are preferences stable?. International Economic Review 49(3): 1091-1112.
• Harrison, G.W., Lau, M.I. & Rutstrom, E.E. (2007). Estimating risk attitudes in Denmark: A Field Experiment. Scandinavian Journal of Economics 109(2): 341–368.
• Anderson, S., Harrison, G.W., Lau, M.I. & Rutstrom, E.E. (2007). Valuation using multiple price list formats. Applied Economics 39(6): 675-682.
• Andersen, S., Harrison, G.W., Lau, M.I. & Rutstrom, E.E. (2006). Elicitation using multiple price list formats. Experimental Economics 9(4): 383-405.
• Lau, M.I. & Poutvaara, P. (2006). Social Security Incentives and Human Capital Investment. Finnish Economic Papers 19(1): 16-24.
• Harrison, G.W. & Lau, M.I. (2005). Is the evidence for hyperbolic discounting in humans just an experimental artifact?. Behavioral and Brain Sciences 28(5): 657.
• Lau, M.I., Poutvaara, P. & Wagener, A. (2004). Dynamic costs of the draft. German Economic Review 5(4): 381-406.
• Jensen, S.E.H., Lau, M.I. & Poutvaara, P. (2004). Efficiency and equity aspects of alternative social security rules. FinanzArchiv 60(3): 325-358.
• Lau, M.I., Pahlke, A. & Rutherford, T.F. (2002). Approximating infinite-horizon models in a complementarity format: A primer in dynamic general equilibrium analysis. Journal of Economic Dynamics and Control 26(4): 577-609.
• Harrison, G.W., Lau, M.I. & Williams, M.B. (2002). Estimating individual discount rates in Denmark A field experiment. American Economic Review 92(5): 1606-1617.

Journal papers: online

• Lau, M.I. (1993). Fordelingseffekter af kapitalindkomstskatter på tværs af generationer - en anvendt generel ligevægtanalyse (Distributional Effects of Capital Income Taxes Across Generations – an Applied General Equilibrium Analysis). Nationaløkonomisk Tidsskrift 131(3): 314-331.

Supervises

• Miss Elizabeth Castle