On the collective soul of booms and busts

Globalization led to an intricate set of interactions between individuals, organizations and states. Unprecedented global interaction possibilities have made communication more complex than ever before as the whole has different properties than the sum of its increasing diversified, global and instantly offered information parts. While deglobalization and slowbalisation trends have become noticed since 2010 in classic globalization hallmarks such as international trade, cross-border foreign direct investments (FDI) and global value chains; data transfer and the reaping of surplus value from big data analyses and targeted online advertisement skyrocketed in the last decade. With growing digitalization and quickening of transfer speed, information may impose unknown systemic risks in causing social volatility in economics on a global scale.

In a socially-distanced COVID-19 world, we have become virtually closer and digitally more connected than ever before. But today’s digital collective interaction effects may at the same time lead to hard-to-foreseeable fallacy of composition downfalls. Emergent risks in emotional reactions to information and collective moods triggered by online media news races appear to imbue inherent social volatility into global economic stability. The nature of online communication and new technology advancements may trigger public reactions that may underlie the upswing or downturn of crisis dynamics. The indexal flow of time created in constant instant communication online now is faster than ever before due to constantly overlapping content and that is truly global. Online communication appears to also be of lower quality in terms of accuracy checks than previous media forms and governments seem to have lost their privilege of censorship control, which adds complexity and vulnerability to the building of a collective soul of booms and busts in the digital age. In the light of growing tendencies of data transfer globalization, the demand for an in-depth understanding of how information echoes in socio-economic correlates has gained unprecedented momentum.

Social psychology may aid in explaining how social pressures materialize in economic fallouts. Media information may cause collective moods fueled by redundancy and self-reinforcing processes that lack control or censorship in the digital space. Collective moods, and in particular anxiety, fear and Angst but also euphoria and hysteresis may play a fundamental role in consumer-spending and investment decisions. Forward-looking as one is thinking ahead and ruminating in fear over past events may shape our all economics of choice.

While we have information on the economic fundamentals and physical environment’s impact on choices, the role of media information shaping people’s economic outlook is missing. Media-driven information races may steer emotions and collective moods that cause systemic behavioral interpretation of an uncertain future that leads – for instance – to delay in consumption and spending decisions of individuals, households and firms further exacerbating in collective governmental investment and spending preferences. All these socio-economic impacts of affects and mass communication potentially underlying economic cycles, however, have hardly been described or empirically validated before.

In seeking to shed light on communication causing implicit system failures but also the potential socio-economic consequences of cumulative moods triggering mass movements that cause economic turmoil; the proposed research strives to uncover unexpected dangers and insufficiently described shadows of the invisible hand. The project will focus on behavioral-social psychology aspects of financial crises and economic meltdowns. Most timely capturing the currently ongoing novel Coronavirus pandemic contemporary Zeitgeist, the project will also address digital technologies’ role in the representation and transmission of information creating social volatility. In explaining how communication during times of crises shapes economic fallouts, information transfer’s unique impetus in the age of digitalization will be unraveled in order to elucidate how strategic communication as public manifestations can serve as easily implementable nudging economic stabilizer.

The theoretical part makes the case of a narrow technical focus on economic fundamentals and mathematical formalizations in classic economic to explain the mechanisms causing economic cycles missing out on the socio-psychological and behavioral group aspects of collective over- and underreaction in markets. While some information on euphoria is found in the animal spirits and behavioral finance literature describing overconfidence in markets leading to an overvaluation of assets, overleveraging and underestimation of risk; hardly any empirical studies explain collective panics from a socio-economic or social psychology angle.

The 2008/09 World Financial Recession offered some data on the collective souls of economic crunches, yet the crisis emerged as inherent in capitalism with the banking sector becoming the endogenous crunch factor. But how external influences can come down on society and materialize in an exogenous shock with drastic fallouts in the real economy due to new media coverage, we hardly have any economic model or empirical validation for. No data existed prior to COVID-19 that was so rich in terms of instant communication, global interconnectivity and computational power to make sense of unprecedentedly big data capacity generated instantaneously and globally. At the same time, the constant informational bombardment of multi-faceted new media tools requires to conserve and snapshot a more and more fluid growing ‘now’-driven information overload immediately.

The proposed project aims at innovatively painting a novel picture of the mass psychological underpinnings of business cycles based on information flows with particular attention to digital communication. Addressing problems of the neoclassical assumption of perfect information markets through the lens of real competition, the proposed paper will specifically unravel how contemporary media communication produces certain types of expectations that form collective moods and how these change consumption patterns resulting in systemic global economic outcomes. After a thorough literature review on financial market theory with special attention to heterodox viewpoints, the history of economic cycles theories will lead to the analysis of the role of information in creating economic booms and busts. The concept of social volatility will be introduced and depicted in light of COVID-19. Social volatility adds to quantitative volatility any social aspects that influence and shape economic markets offering an innovative way to explain how and what information represented in the media creates economic ups and downs.

Attention will be paid to the concept of time and how temporal prospects elicited in mass media shape individual decision-making. Contrary to standard neoclassical ideas of time in discounting, a behavioral economic will be applied dividing time in past, present and future prospects. Present as the moment of ‘now’ attention will innovatively be captured to be highly fluid as for constantly being melted into the past by its future. This fungibility of moments add temporal volatility. The highly fickle ‘now’ present moment unmasked as a slippery reference point will be addressed in the theory of subjectivity and reflected upon behavioral economics’ hyperbolic discounting present bias. Media fetishizing breaking news waves of concurrently presented similar information missing out on diversification potential but also the crucial role of the media in perpetuating human present biases will be thematized. The media’s untapped potential in setting potentially favorable or unfavorable anchors and building unknown economic choice architectures will be introduced.

As for social volatility, fat tail phenomena and robustness literature will be coupled by social systems’ ideas. Affect Theory, Believes and Desires Theory will become the theoretical backbone to describe fallible likelihood estimations when the pains and joys over markets are felt collectively and social volatility waves break. How integrating indexicality, modality and subjectivity is related to intentionality will be explored. Reference point dependence on age and the ‘now’ will be investigated in light of prospect theory to see how losses and gains represented in the past or future may lead to biased decision-making patterns. The present bias potentially overinflating social volatility risks based on emotionality will be thematized.

Empirically, the current COVID-19 pandemic serves as an external shock coming down on society with direct impact on societal moods and subsequently connected economic changes.  Attention will be paid to collective moods to shape the daily choices and present behavior. The role of temporal foci will be explored – whether it makes a difference if media attention focuses on the past, present or future. Country differences of novel communication techniques will elucidate varieties of digitalization around the world.

Overall, the research will acknowledge that human beings’ communication and interaction results in socially constructed volatility that echoes in economic correlates. Understanding how the social compound forms economic outcomes promises to explain how market outcomes are developed in society and can be shaped by strategic communication with special attention to new media technologies.

The discussion will highlight the uniqueness and differences of the 2019 COVID pandemic economic fallout from the 2008/09 World Financial Recession. While the previous recession was inherent in the system of capitalism and largely played out in financial constraints affecting almost all industries, the novel 2019 COVID pandemic imposes an external shock that was fueled by communication and interaction, which differed throughout the world. The interpretation of the pandemic serves as historic trace in time. The conservation of the currently ongoing market communication offers important insights for building the fundamental architecture of future more stable markets to be crafted by heterodox economists and off-mainstream public policy experts. The discussion will also target at highlighting winning and losing industries only to follow the mandate to find creative strategies how to redistribute the gains of the crisis in order to offset the economic fallout losses in proposed inequality alleviation strategies. The final remarks will also discusses the contemporary divide between economic fundamentals, financial market performance versus the real economy fallout.

Implications will stress how communication can counterweight and alleviate the building of collective moods bleeding into disastrous mass movements causing turmoil in financial market and steering economic fallouts with negative implications for societies’ weakest segments. Recommendations how to build stable economic systems by avoiding emergent risks and communicating market prospects favorably are endeavored. A prospective future research outlook and implications will be offered aimed at improving the economic future of healthcare, workforce, city planning and education based on strategic communication and emotional assets but also favorable time prospects in our post-COVID-19 world to come.

 

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Work in progress running time 2017-2018

Contact: Julia M. Puaschunder

US:  T 001 212 229 5700 4905

F 001 212 229 5724

EU:  M 0043-69917250979

Julia.Puaschunder@newschool.edu

The_New_School

Julia.Puaschunder@columbia.edu

columbia_winter

Financial and in-kind support of the Association for the Eugene Lang Liberal Arts College of The New School, Fritz Thyssen Foundation,  George Washington University Center for International Business Education and Research, Georgia State University, Huebner Foundation for Insurance Education, Janeway Center Fellowship, The New School for Social Research New York (Dean’s List, Fee Board Scholarship, President’s Scholarship), Prize Fellowship of the Inter-University Consortium of New York, University of Vienna, and Vernon Art and Science is gratefully acknowledged.

NYC_2019

Output:

Publications:

Books:

Puaschunder, J.M. (2019). Corporate Social Responsibility and Opportunities for Sustainable Financial Success. Hershey, Pennsylvania: IGI Publishing.

Chapters:

Puaschunder, J. M. (2018). Nachhaltigkeit und Investment. In C.T. Schmitt & E. Bamberg, Psychologie und Nachhaltigkeit: Konzeptionelle Grundlagen, Anwendungsbeispiele und Zukunftsperspektiven, pp. 127-134. Springer.

Articles:

Gelter, M. & Puaschunder, J.M. (forthcoming). COVID-19 and comparative corporate governance. Journal of Corporate Law.

Puaschunder, J.M. (forthcoming). On the collective moods of booms and busts: Socio-psychological foundations in external shock communication and social volatility in the COVID-19 economic fallout. 19th Research Association for Interdisciplinary Studies (RAIS) conference at Princeton University, Princeton, New Jersey, United States, October 18-19. [Held online due to COVID-19]

Puaschunder, J.M. (forthcoming). Overambition as disability:  Discrimination of excellence. 19th Research Association for Interdisciplinary Studies (RAIS) conference at Princeton University, Princeton, New Jersey, United States, October 18-19. [Held online due to COVID-19]

Puaschunder, J.M. (forthcoming). From homo oeconomicus to homo praeventicus. 19th Research Association for Interdisciplinary Studies (RAIS) conference at Princeton University, Princeton, New Jersey, United States, October 18-19. [Held online due to COVID-19]

Puaschunder, J.M. & Beerbaum, D. (2020). Healthcare inequality in the digital 21st century: The case for a mandate for equal access to quality medicine for all. The Unequal World Conference of the United Nations, United Nations New York, New York, United States, September 28-29.

Puaschunder, J.M., Gelter, M. & Sharma, M. (2020). Alleviating an unequal COVID-19 world: Globally digital and productively healthy. The Unequal World Conference: On Human Development, United Nations, New York, New York, United States, September 28-29.

Mantl, J., Puaschunder, J.M. & Plank, B. (2020). Communication in the Digital Century. The Unequal World Conference: On Human Development, United Nations, New York, New York, United States, September 28-29.

Puaschunder, J. M. (2020). Value at looking back: Towards an empirical validation of the role of reflexivity in econo-historic backtesting: Economic market prediction corrections correlate with future market performance.

Puaschunder, J.M. & Beerbaum, D. (forthcoming). Healthcare inequality in the digital 21st century: The case for a mandate for equal access to quality medicine for all. Proceedings of the Unequal World Conference of the United Nations, United Nations New York, New York, United States.

Puaschunder, J.M., Gelter, M. & Sharma, M. (2020). Alleviating an unequal COVID-19 world: Globally digital and productively healthy. Proceedings of the Unequal World Conference: On Human Development, United Nations, New York, New York, September 28-29.

Mantl, J., Puaschunder, J.M. & Plank, B. (forthcoming). Communication in the Digital Century. Proceedings of the Unequal World Conference: On Human Development, United Nations, New York, New York, September 28-29.

Puaschunder, J. M. (under contract). Eyes wide shut: The role of Information for real competition. Information Technology Risk Management and Compliance in Modern Organizations, IGI Publishing.

Puaschunder, J. M. (under contract). Time≠Time≠Time. Handbook of Research on Industrial and Organizational Psychology in the Modern Marketplace.

Puaschunder, J.M. & Beerbaum, D. (2020). The Future of Healthcare around the World: Four indices integrating Technology, Productivity, Anti-Corruption, Healthcare and Market Financialization. Research Association for Interdisciplinary Studies Conference Proceedings of the 18th Interdisciplinary RAIS conference at Princeton University, Princeton, New Jersey, United States, August 17-18, pp. 164-185. [Held online due to COVID-19]

Puaschunder, J.M., Gelter, M. & Sharma, S. (2020). COVID-19-Shock: Socio-Technological, Legal, Corporate, Economic and Governance Changes. Research Association for Interdisciplinary Studies Conference Proceedings of the 18th Interdisciplinary RAIS conference at Princeton University, Princeton, New Jersey, United States, August 17-18, pp. 82-93. [Held online due to COVID-19]

Puaschunder, J.M. (2020). Review of the Making Marvels: Exhibit at the Metropolitan Museum of Art, New York, New York. Luxury: History, Culture, Consumption, 5, 3, 265-280.

Puaschunder, J.M., Mantl, J. & Plank, B. (forthcoming). Medicine of the future: The power of Artificial Intelligence (AI) and big data in healthcare. Research Association for Interdisciplinary Studies Journal for Social Sciences.

Puaschunder, J.M., Feierabend, D. (forthcoming). Ancient legal codes as basis for Artificial Intelligence regulation in the 21st century. Research Association for Interdisciplinary Studies Journal for Social Sciences.

Puaschunder, J.M. (forthcoming). Data fiduciary in order to alleviate principal-agent problems in the artificial big data age. In K. Balachandran (Ed.), Economic Information to Facilitate Decision Making, World Scientific.

Puaschunder, J.M., Mantl, J. & Plank, B. (2020). Medicine of the future: The power of Artificial Intelligence (AI) and big data in healthcare. Research Association for Interdisciplinary Studies Conference Proceedings of the 17th Interdisciplinary RAIS conference at Johns Hopkins University School of Medicine, Baltimore, Maryland, United States, June 1-2. [Held online due to COVID-19]

Puaschunder, J.M., Feierabend, D. (2020). Ancient legal codes as basis for Artificial Intelligence regulation in the 21st century. Research Association for Interdisciplinary Studies Conference Proceedings of the 17th Interdisciplinary RAIS conference at Johns Hopkins University School of Medicine, Baltimore, Maryland, United States, June 1-2. [Held online due to COVID-19]

Puaschunder, J.M. (2020). Healthcare responses to COVID-19 around the world and digital advancements to prevent pandemics. Research Association for Interdisciplinary Studies Conference Proceedings of the 17th Interdisciplinary RAIS conference at Johns Hopkins University School of Medicine, Baltimore, Maryland, United States, June 1-2. [Held online due to COVID-19]

Puaschunder, J.M. (2020). Environmental justice. Research Association for Interdisciplinary Studies Conference Proceedings of the 16th Interdisciplinary RAIS conference at Johns Hopkins University School of Medicine, Baltimore, Maryland, United States, March 30-31, pp. 160-165. [Held online due to COVID-19]

Puaschunder, J.M. (2020). On monetary systems. Research Association for Interdisciplinary Studies Conference Proceedings of the 16th Interdisciplinary RAIS conference at Johns Hopkins University School of Medicine, Baltimore, Maryland, United States, March 30-31, pp. 1-8. [Held online due to COVID-19]

Puaschunder, J.M. (2020). On freedom in the artificial age. Research Association for Interdisciplinary Studies Conference Proceedings of the 16th Interdisciplinary RAIS conference at Johns Hopkins University School of Medicine, Baltimore, Maryland, United States, March 30-31, pp. 75-80. [Held online due to COVID-19]

Puaschunder, J.M. (2020). Revising growth theory in the Artificial Age: Putty and clay labor. Archives in Business Research, 8, 3, 65-107.

Puaschunder, J.M. (2020). Corporate and Financial Social Leadership in emerging markets and the developing world. In Anetta Kuna-Marszałek & Agnieszka Klysik-Uryszek (2020), CSR and Socially Responsible Investing Strategies in Transitioning and Emerging Economies, United States: IGI Publishing.

Puaschunder, J.M. (2019). Organizational Artificial Intelligence Behavior. Journal of Applied Research in the Digital Economy, 2.

Puaschunder, J.M. (2019). Value at looking back: Towards an Empirical validation of the role of reflexivity in econo-historic backtesting: Economic market prediction corrections correlate with future market performance, Oxford Journal of Finance and Risk Perspectives, 8, 223-239.

Puaschunder, J.M. (2019). The nudging divide in the digital big data era. International Robotics & Automation Journal.

Puaschunder, J.M. (2019). Intergenerational governance in the corporate world. In J. M. Puaschunder (Ed.), Intergenerational Governance and Leadership in the Corporate World. Hershey, PA: Idea Group.

Puaschunder, J.M. (2019).  Towards a utility theory of privacy and information sharing and the introduction of hyper-hyperbolic discounting in the digital big data age. Encyclopedia of Information Science and Technology.

Puaschunder, J.M. (2019). Mapping Climate Justice: Future Climate Wealth of Nations. In J. M. Puaschunder (Ed.), Intergenerational Governance and Leadership in the Corporate World, pp. 178-190, Hershey, PA: Idea Group.

Puaschunder, J.M. (2019). Intergenerational governance and leadership around the world. In J.M. Puaschunder (Ed.), Intergenerational Governance and Leadership in the Corporate World, pp. 153-177, Hershey, PA: Idea Group.

Beerbaum, D. & Puaschunder, J.M. (2019). A behavioral economics approach to digitalization: The case of a principles-based taxonomy. In J.M. Puaschunder (Ed.), Intergenerational Governance and Leadership in the Corporate World, pp. 107-122, Hershey, PA: Idea Group.

Puaschunder, J.M. (2019). Lessons from Divesting South Africa during Apartheid for a Green Economy. Progress in Economics Research. Hauppauge, NY: Nova.

Puaschunder, J.M. (2018). Nudgital: Critique of Behavioral Political Economy. Proceedings of the 9th International RAIS Conference on Social Sciences and Humanities organized by Research Association for Interdisciplinary Studies (RAIS) at The Erdman Center at Princeton University, Princeton, New Jersey, United States. Cambridge, MA: The Scientific Press.

Editor of the Proceedings of the 9th International RAIS Conference on Social Sciences and Humanities organized by Research Association for Interdisciplinary Studies (RAIS) at The Erdman Center at Princeton University, Princeton, New Jersey, United States. Cambridge, MA: The Scientific Press.

Puaschunder, J. M. (2018). Nudgitize me! A behavioral finance approach to minimize losses and maximize profits from heuristics and biases. International Journal of Management Excellence, 10, 2, 1241-1256.

Puaschunder, J. M. (2017). Nudging in the digital big data era. European Journal of Economics, Law and Politics, 4, 4, 18-23.

Puaschunder, J.M. (2017). The Austrian way: Sozialpartnerschaft as means to curb the falling rate of profit. Oxford Journal of Finance and Risk Perspectives, 6, 3, 11-27.

Puaschunder, J. M. (2017). The nudging divide in the digital big data era. International Journal of Research in Business, Economics and Management, 4, 11-12, 49-53.

Puaschunder, J. M. (2017). Ethical, environmental, social and governance-oriented investments. Archives of Business Research, 5, 8, 151-159.

Puaschunder, J. M. (2017). Krisenrobuste Alternativen. Global Investor, 3, 5, 69.

Conference presentations:

Puaschunder, J.M. (forthcoming). On the collective moods of booms and busts: Socio-psychological foundations in external shock communication and social volatility in the COVID-19 economic fallout. 19th Research Association for Interdisciplinary Studies (RAIS) conference at Princeton University, Princeton, New Jersey, United States, October 18-19. [Held online due to COVID-19]

Puaschunder, J.M. (forthcoming). Overambition as disability:  Discrimination of excellence. 19th Research Association for Interdisciplinary Studies (RAIS) conference at Princeton University, Princeton, New Jersey, United States, October 18-19. [Held online due to COVID-19]

Puaschunder, J.M. (forthcoming). From homo oeconomicus to homo praeventicus. 19th Research Association for Interdisciplinary Studies (RAIS) conference at Princeton University, Princeton, New Jersey, United States, October 18-19. [Held online due to COVID-19]

Puaschunder, J.M. (2020). Data fiduciary in order to alleviate principal–agent problems in the Artificial Big Data Age. Keynote address for the Indian Institute of Finance, International Research Conference & Award Summit, Delhi, India, Asia, September 27-29th, 2020. [online due to COVID-19]

Puaschunder, J.M. (2020). Artificial Intelligence Ethics. Keynote address for the Indian Institute of Finance, International Research Conference & Award Summit, Delhi, India, Asia, September 27-29th, 2020. [online due to COVID-19]

Puaschunder, J.M. (2020). Die Pandemie des Geschäftes mit der Angst und die Verantwortung der Medien. Institut für Religiosität in Psychiatrie und Psychotherapie, Vienna Austria, European Union, September 18.

Puaschunder, J.M. (2020). Mental Temporal Discounting. World Finance Conference. L-Università ta’ Malta, Valleta, Malta, September 6. [Held online due to COVID-19]

Puaschunder, J.M. (2019). ‘Value at looking back: Towards an empirical validation of the role of reflexivity in econo-historic backtesting: Economic market prediction corrections correlate with future market performance,’ 17th Finance, Risk and Accounting Perspectives Conference, Hanken School of Economics, Helsinki, Finland, European Union, September 23-35.

Beerbaum, D. & Puaschunder, J.M. (2019). ‘A behavioral economics approach to sustainability: Digital nudging,World Academy of Science, Engineering and Technology, Singapore, Asia, July 4-5.

Puaschunder, J.M. (2019). ‘When investors care about causes: Learning from political divestiture during Apartheid and the Sudan crises for the transition to renewable energy via green bonds,’ 26th Annual Conference of the Multinational Finance Society, Jerusalem School of Business Administration, Jerusalem, Israel, June 30 – July 3, 2019.

Puaschunder, J.M. (2019). ‘Value at looking back: Towards an Empirical validation of the role of reflexivity in econo-historic backtesting: Economic market prediction corrections correlate with future market performance,’ Finance and Society panel, Conference of the Society for the Advancement of Socio-Economics (SASE),The New School, New York City, United States, 27-29 June.

Beerbaum, D. & Puaschunder, J.M. (2019). A behavioral economics approach to sustainable finance architecture, Behavioural Finance Working Group (BFWG) conference, Queen Mary University of London, London, United Kingdom, June 6-7.  

Puaschunder, J.M. (2019). ‘Value at looking back: Towards an empiricial validation of the role of reflexivity in econo-historic backtesting: Market prediction corrections correlate with future market performance.’ 7th Spring Conference of the Multinational Finance Society, Chania, Crete, Greece, European Union, April 19-21.

Puaschunder, J.M. (2019). ‘Value at looking back: Towards an empirical validation of the role of reflexivity in econo-historic backtesting: Economic market prediction corrections correlate with future market performance,’ 45th Annual Eastern Economic Association Conference, New York Sheraton, New York, New York, United States, February 28-March 3.

Puaschunder, J.M. (2019). ‘Socio-Econo-Engineering: What Is the right dose of capitalism regarding fertility? Recommendations how to use capitalism for population control and how to avert the falling rate of fertility in capitalist territories,’ 45th Annual Eastern Economic Association Conference, New York Sheraton, New York, New York, United States, March 1.

Puaschunder, J.M. (2019). Future Climate Wealth of Nations. Columbia University, Department of Economics, International Affairs Building, New York, New York, USA, February 20.

Puaschunder, J.M. (2019). Future Climate Wealth of NationsHarvard University, Department of Chemistry, 12 Oxford Street, Cabot Division Room, Cambridge, MA, USA, February 11.

Puaschunder, J.M. (2018). ‘Climate Wealth of Nations.’ Macroeconomics of Uncertain Times: Financial Crashes, Climate Disasters, and More, The New School, New York, New York, United States, October 20.

Puaschunder, J. M. (2018). 10th International RAIS Conference on Social Sciences and Humanities organized by Research Association for Interdisciplinary Studies (RAIS) at The Erdman Center at Princeton University, Princeton, New Jersey, United States, August 22-23.

Puaschunder, J. M. (2018). Nudgital: Critique of a Behavioral Political Economy. European Operational Researchers Conference EURO 2018, Valencia, Spain, European Union, July 8-11.

Puaschunder, J. M. (2018). Young Behavioral Organizational Research Colloquium, Madrid, Spain, European Union, July 7.

Puaschunder, J. M. (2018). ‘Nudgital: Critique of a behavioral political economy and towards a utility theory of privacy and information sharing.’ Research and Management Learning Unconference 2018, University of St. Andrews, St. Andrews, Scotland, European Union, July 2-3.

Puaschunder, J. M. (2018). 15th International Conference Developments in Economic Theory and Policy: Developments in Economic Theory and Policy, Bilbao, Spain, European Union, June 28-29.

Puaschunder, J.M. (2018). ‘Nudgitize me! A behavioral finance approach to minimize losses and maximize profits from heuristics and biases,’ 5th International CSR Conference, Casablanca, Morocco, Africa, June 27-29.

Puaschunder, J.M. (2018). ‘Nudgitize me! A behavioral finance approach to minimize losses and maximize profits from heuristics and biases.’ 2018 International Council for Small Business World Congress, Reshaping the world through innovative SMEs, Taipei, Taiwan, Asia, June 26-29.

Puaschunder, J.M. (2018). ‘Towards a utility theory of privacy and information sharing and the introduction of hyper-hyperbolic discounting in the digital big data age,’ 2018 Western Economic Association International (WEAI) Annual Conference, Sheraton Vancouver Wall Centre, Canada, June 26-30.

Puaschunder, J. M. (2018). Nudgitize me! A behavioral finance approach to minimize losses and maximize profits from heuristics and biases.’ 2018 New York International Academic Conference on Business, Economics, Finance and Accounting. Promoting Global Progress and Excellence in Academia, Hyatt Place Long Island City, New York, New York, United States, April 28.

Puaschunder, J. M. (2018). Nudgitize me! A behavioral finance approach to minimize losses and maximize profits from heuristics and biases.’ Fourth American Academic Research Conference on Global Business, Economics, Finance and Social Sciences, Wagner College, New York, New York, United States, April 14.

Puaschunder, J. M. (2018). ‘Research for a Sustainable Future.’ Invited Keynote Address, Fourth American Academic Research Conference on Global Business, Economics, Finance and Social Sciences, Wagner College, New York, New York, United States, April 13.

Puaschunder, J. M. (2018). ‘Towards a utility theory of privacy and information sharing and the introduction of hyper-hyperbolic discounting in the digital big data age.’  9th International RAIS Conference on Social Sciences and Humanities organized by Research Association for Interdisciplinary Studies (RAIS) at The Erdman Center at Princeton University, Princeton, New Jersey, April 4.

Puaschunder, J. M. (2018). ‘Towards a utility theory of privacy and information sharing and the introduction of hyper-hyperbolic discounting in the digital big data age.8th International RAIS Conference on Social Sciences and Humanities organized by the Research Association for Interdisciplinary Studies (RAIS), Georgetown University, Washington D.C., March 26.

Puaschunder, J. M. (2018). ‘The nudging divide in the digital big data era,’ 7th LAEMOS Colloquium, Organizing for Resilience: Scholarship in Unsettled Times, Buenos Aires, Argentina, South America, March 22-24.

Puaschunder, J. M. (2018). ‘Nudgital: Critique of Behavioral Political Economy,‘ Economics and Behavior Panel, Eastern Economic Association Annual Conference, Boston Sheraton, Boston, MA, United States, March 4.

Puaschunder, J. M. (2017). Nudgitize me! A behavioral finance approach to minimize losses and maximize profits from heuristics and biases. Academy of Behavioral Finance & Economics, 2017 Annual Meeting, University of California Los Angeles, Los Angeles, California, USA, October 18-20, 2017.

Puaschunder, J. M. (2017). The Austrian Way: Sozialpartnerschaft as means to curb the falling rate of profit. 16th Finance, Risk and Accountability Perspectives Conference:  Sustainability and Risk: Environmental, Social and Governance Perspectives, University of Cambridge, Cambridge UK, Great Britain, September 26.

Puaschunder, J. M. (2017). On the collective soul of booms and busts. 21st Conference of the International Federation of Operational Research Societies: Operational Research and Analytics for a Better World, Quebec City, Quebec, Canada, July 17-21.

Puaschunder, J. M. (2017). Nudgital: Critique of Behavioral Political Economy. Behavioral Economics, The New School for Social Research, March 30.

Invited events:

46th Economics Conference 2019 of the Austrian National / Central Bank: European Economic and Monetary Union: The First and the Next 20 Years,’ Hotel Marriott Vienna, Vienna, Austria, European Union, May 2-3, 2019.

Fifth Annual Conference on Sustainable Development: The World in 2050: Looking Ahead for Sustainable Development,’ Lerner Hall, Columbia University, New York, New York, September 18-19, 2017.

4th Annual Center for the Economic Analysis of Risk-Huebner Summer Risk Institute 2017,’ Georgia State University, July 25-26, 2017.

‘Disrupted: Speech and Democracy in the Digital Age,’ Italian Academy of Columbia University, Columbia University, New York, New York, USA, May 1, 2017.

Invited events Fictitious Capital: Is Finance Appropriating Our Future? French General Consulate New York, New York, USA, June 27, 2017.

Community Service:

Advisor for Business Insider on Environmental, Social and Governance (ESG) options in Saudi Arabia

Scientific Advisory Board, Finance, Risk and Accounting Perspectives (FRAP) Conference on ‘The Fintech Revolution – Sustainability meets Technology in Finance, Risk and Accounting’ of the Oxford Academic Research Network (ACRN), Hanken School of Economics, Helsinki, Finland, European Union, September 23-29, 2019.

General Conference Chair, Puaschunder, J.M. (2019). International RAIS Conference on Social Sciences and Humanities organized by Research Association for Interdisciplinary Studies (RAIS) at The Erdman Center at Princeton University, Princeton, New Jersey, United States, April 3-4.

Session Chair, Forecasting Economic Growth and Volatility, 45th Annual Eastern Economic Association Conference, New York Sheraton, New York, New York, United States, March 1.

Member of the International Program Committee, Associate Editor, Conference Minisymposium on ‘Sustainable Development and Climate Stabilization Modelling’ Chair, 9th Vienna Conference on Mathematical Modelling, Vienna University of Technology, Vienna, Austria, European Union, February 21-23, 2018.

Chair, Risk panel, 16th Finance, Risk and Accountability Perspectives Conference:  Sustainability and Risk: Environmental, Social and Governance Perspectives, University of Cambridge, Cambridge UK, Great Britain, September 26, 2017.