Dr. David Laibson
Dr. David Laibson is a distinguished economist and professor at Harvard University. He received his undergraduate degree from Harvard and his Ph.D. from MIT. Dr. Laibson’s research focuses on the intersection of economics and psychology, specifically in the areas of behavioral economics and neuroeconomics. He has made significant contributions to the field, including the development of the hyperbolic discounting theory, which explains why individuals make choices that are not in their long-term best interests.
Dr. Laibson has published numerous articles in leading academic journals and is a frequent speaker at conferences and events. In recognition of his work, he has received numerous awards and honors, including the TIAA-CREF Paul A. Samuelson Award for scholarly writing on lifelong financial security and the Society for Neuroeconomics’ Lifetime Achievement Award.
Dr. Laibson is also a member of the American Economic Association, the Econometric Society and the Society for Neuroeconomics. He serves on the editorial boards of several academic journals, including the American Economic Review and the Journal of Economic Literature.
In addition to his research and teaching commitments, Laibson is also actively engaged in public policy discussions, frequently serving as an expert witness in court cases and as a consultant for government agencies and private companies.
Laibson’s address to Bigelow Connectors attendees included comments on the most common cognitive biases that can negatively affect good decision making when building and capturing Enterprise Value. These include anchoring, loss aversion and the endowment effect, over-confidence, the “winner’s curse,” and present bias.
