About us
Smart Economics
... is a boutique consultancy business, based in Sydney and London. ​​Its Director, Michelle Baddeley, provides expertise in statistical/econometric analysis, behavioural and policy insights, survey/experimental design and implementation, and legal research. She is also available for public speaking engagements and corporate training.
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Michelle graduated with a Bachelor of Economics (First Class Honours) from the University of Queensland and a MPhil/PhD in Economics from the University of Cambridge. She also has a BA in Psychology.
She recently qualified as a lawyer and has been admitted to the Roll of the Supreme Court of New South Wales.
She has had a distinguished academic career, including teaching and research positions at the University of Technology Sydney, the Institute for Choice (University of South Australia), University College London, University of Cambridge/Gonville & Caius College, and the Australian Commonwealth Treasury. ​
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Her publications/citations are listed on Google Scholar.
Her cv is available on request.
Books
About Us
About Us
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Volatile asset markets, mob violence, geopolitical shifts, expert opinion and jury deliberations may appear to have little in common - but they are all driven by our basic instincts to follow, imitate and learn from others, with contrarians often leading the crowd.
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Copycats and Contrarians explores our herding and anti-herding tendencies in a multi-disciplinary analysis of the cognitive and emotional drivers of copycats and contrarians across many domains - including economics, finance, psychology and law. ​​
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​Behavioural Economics: A Very Short Introduction introduces behavioural economics by analysing the complex cognitive and emotional motivations driving everyday economic and financial decisions and problems.
It explores how and why we decide quickly, why we make mistakes in risky situations, our tendencies towards procrastination and myopia, and how we're affected by social influences, personality, mood, and emotions.
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It concludes with a discussion of how behavioural insights can be used in improving public policy.​
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​​Running Regressions brings economic and financial theory together with data to show how econometric tools can be applied in answering important empirical questions in economics and finance.
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It has been written as an elementary, intuitive guide - designed to help students, researchers and policy-makers struggling to bridge the gap between important empirical questions and what might seem like dauntingly complex statistical techniques.
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Traditional economic and financial theories are often detached from our intuitions about how real people think, choose and decide. This reflects the fact that traditional models are often built on restrictive assumptions about rational choice and efficient markets. Behavioural economics and finance has grown in influence because it softens and augments these traditional approaches with tools and insights from psychology, neuroscience and other behavioural sciences.
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In exploring this influential emerging field, ​Behavioural Economics and Finance adopts a multi-disciplinary perspective on our economic and financial behaviours. It includes chapters on incentives and motivations, risky choices, biases, myopia and present bias, addiction, sociality, personality and moods, neuroeconomics and emotional finance, well-being and happiness, and behavioural public policy. ​
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