Personal profile
Opportunities
Postgraduate Supervision
I am keen to supervise any student (for MSc dissertation or PhD research) interested in modern theories of decision making under risk, uncertainty or time. This is a vast field and there are many areas being addressed by current research. In particular, the following areas are of interest:
- The preference foundations of utility models of choice under risk, uncertainty or time.
- Analysis of behavioural patterns inconsistent with classical Microeconomic Theory (e.g. loss aversion, ambiguity aversion, decreasing impatience etc.).
- Designing methods for measuring utility, or other salient aspects of decision making, in experiments
- Microeconomic or game theoretic applications of modern theories of decision making
Research in non-EU theory can be mathematically demanding and students should already be comfortable with the mathematics encountered in postgraduate economics. Regardless of previous experience, it is expected that interested students should be keen to enhance their current skill set.
Teaching
Current Teaching
I am currently the lecturer for the following courses:
- ECON10171 Microeconomic Analysis 1 (1st Year Undergraduate)
- ECON80150 Advanced Topics in Microeconomic Theory (PhD level)
Teaching
Previous Teaching
I have previously lectured or taken classes for the following courses:
- ECON20000 Managerial Economics I
- ECON20351 Microeconomics IIA (2nd Year Undergraduate)
- ECON20352 Microeconomics IIB (2nd Year Undergraduate).
- ECON30001 Advanced Microeconomics (3rd Year Undergraduate)
- ECON30600 Microeconomics III (3rd Year Undergraduate).
- ECON31001 Managerial Economics II (3rd Year Undergraduate).
- ECON80041 Advanced Microeconomic Theory (PhD level)
Biography

PhD. Economics, University of Manchester, September 2006 - May 2009.
MSc. Economics, University of Manchester, 2005 – 2006.
Awarded with Distinction.
BA. Financial Economics, University of Liverpool, 2001 – 2004.
Awarded with First Class Honours.
Awards:
ESRC 1+3 PhD Studentship, University of Manchester, 2005 – 2009.
GLS Shackle Prize, University of Liverpool, 2004.
Bromley Undergraduate Scholarship, University of Liverpool, 2003.
Research interests
My research is concerned with the foundations, analysis and application of models regarding individual choice under risk and uncertainty.
The work of Behavioural and Experimental Economists presents many challenges to classical Microeconomic Theory. Certain behavioural patterns have consistently been shown to be empirically important. These include: loss aversion, probabilistic risk attitudes and ambiguity aversion. Importantly, such behavioural patterns do not sit well the classical Subjective Expected Utility model.
My primary research agenda is concerned with how these empirical insights can be integrated into mathematical models of decision making. This agenda is guided by a personal view that such models should be both: general enough to allow for realistic departures from expected utility, and simple enough to be of use to Microeconomic Theory.
Accepting PhD students
- Accepting PhD students
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Collaborations and top research areas from the last five years
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Mixture Independence Foundations for Expected Utility
Meng, J., Webb, C. & Zank, H., 1 Apr 2024, In: Journal of Mathematical Economics. 111, 102938.Research output: Contribution to journal › Article › peer-review
Open Access -
Dynamic preference foundations of expected exponentially-discounted utility
Webb, C., 6 Oct 2023, (E-pub ahead of print) In: Economic Theory. 20 p.Research output: Contribution to journal › Article › peer-review
Open Access -
Delayed Probabilistic Risk Attitude: A Parametric Approach
Pan, J., Webb, C. & Zank, H., 21 Jun 2019, In: Theory and Decision. 87, 2, p. 201-232 32 p.Research output: Contribution to journal › Article › peer-review
Open Access -
Trichotomic Discounted Utility
Webb, C., 2019, In: Theory and Decision.Research output: Contribution to journal › Article › peer-review
Open Access -
Continuous quasi-hyperbolic discounting
Webb, C., May 2016, In: Journal of Mathematical Economics. 64, p. 99-106 8 p.Research output: Contribution to journal › Article › peer-review
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