Doctoral Program in Decision, Risk and Financial Sciences

    • CRICOS Code: 056955G | 092761G

    Course overview

    • 5 years full time / 8 years part time
    • Parkville campus located in the heart of Melbourne city
    • Available to domestic and international students.


    What is it about?

    Major advances in the study of human decision-making and problem-solving have resulted from collaboration between researchers and the exchange of ideas from economics, finance, psychology, neuroscience and computer science. This interdisciplinary program trains students in the areas of experimental finance and decision neuroscience by drawing on expertise from across the social, biological and mathematical sciences, and engineering.

    Professor Peter Bossaerts, Decision, Risk and Financial Sciences PhD Director

    The Melbourne Business School's Doctoral program in Decision, Risk and Financial Sciences provides training in the conceptual principles and research techniques across the social, biological and mathematical sciences fields that analyse human decision-making and problem-solving in the context of risk and complexity at individual and market levels. Students will draw on experimental methods and conceptual principles to deliver solutions to key research questions relating to decision-making, risk and financial sciences.

    The Doctoral Program consists of a Master of Commerce coursework program followed by a PhD.

    All successful applicants will be fully-funded with a scholarship for the duration of their doctoral program.

    Training is provided by leading researchers from the Faculty of Business and Economics, the Faculty of Medicine, Dentistry and Health Sciences, the Florey Institute of Neuroscience and Mental Health, and the Melbourne School of Engineering. It includes two lab rotations in labs at the University of Melbourne or elsewhere.

    After the coursework phase, students will conduct their research projects in a lab at the University of Melbourne, such as the Brain, Mind and Markets Lab. Research projects can span multiple disciplines and labs.

    The program is located in Parkville, one of the largest precincts for biomedical research in the world, which provides access to cutting-edge research facilities, including state-of-the-art biomedical imaging platforms.

    The Faculty of Business and Economics also has excellent relationships with industry and government, and the program encourages students to conduct research in collaboration with private and public sector partners.

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