About me

I am a Research Fellow in Behavioral Economics at the SAF Laboratory (Claude Bernard Lyon 1 University) and I am a member of the Prevent’ Horizon research chair. The objective of my research is to highlight and understand factors of behavioral biases , in uncertain environment, which are rarely consistent with the theory of rational choices. I employ lab experiments, develop experimental tools, use econometric modeling as well as game theoretical modeling to better understand economic decision-making.
These are the topics that I - have explored – am exploring – would like to explore:

  • Human Behaviors
  • Social Norms
  • Cognitives Biaises
  • Game Theory
  • Applied Statistics
  • Machine Learning

  • Do not hesitate to contact me for any information, research collaboration idea or further details about my works!

My CV

Current Position

2018 - 2019    Research Fellow in Behavioral Economics
SAF Laboratory - Prevent'Horizon chair - Institut Louis Bachelier - Lyon, France
Topics: Behavioral Economics applied to insurance, health and prevention.

Education

2015 - 2018   PhD in Economics
Claude Bernard Lyon 1 University - ISFA Graduate School of Actuarial Studies - Lyon, France
Behavioral Biases and Strategies of Insurance Market Players.
Supervisors: Stéphane Loisel and Christophe Dutang.
Keywords: experimentation, customer behaviour, intermediation, distribution channel, honesty, obfuscation, game theory, market cycles.
Defense committee: Pierre-André Chiappori, Mercè Claramunt, Sara Fisher Ellison, Meglena Jeleva, Jean-Louis Rullière, Arthur J.H.C. Schram.

2012 - 2014   Master’s Degree in Economics of Markets and Organization
TSE - Toulouse School of Economics - Toulouse, France
Master essay title: The impact of the Internet on the French Retail Insurance Mass Market.
Main courses: Statistics and econometric modelling, game theory and equilibrium analysis, decision theory under information asymmetry.

2009 - 2012   Bachelor’s Degree in Economics
Toulouse School of Economics (TSE) - Toulouse, France
Main courses: Microeconomics, Macroeconomics, Mathematics and Statistics.

Previous Position

2014 - 2018    Actuarial Analyst - PhD Candidate
AGDF - AXA Global Direct France - Technical Department - Paris, France
  • Calculation of customer long run business value including survival rate models, loss model projections, cost of capital under regulatory constraints and financial time-value.
  • New business price optimization under customer value constraint (Lagrangian method): integration of market competition, dynamic price elasticity modelling and solvency constraints.
  • Supervision of two-products offer: measure of cannibalization effects, advantageous selection of clients’ risk profile, cross-prices elasticity and elaboration of best price strategy positioning for both products.
  • Partnership profitability analysis: participation in the implementation of business partnership for insurance distribution.
2014 - 2018    Master's Degree Internship
AGPC − AXA Global P&C - Commercial Lines Department - Paris, France
  • Contribution to the development of car fleet prevention offers including management support and telematics offers.
  • Development of Marine Insurance (Hull & Machinery) worldwide strategy of AXA Group leading to reinsurance and risk pooling recommendation.

My Teaching

2018 - 2019   Insurance Economics - Master 1 (Graduate Program) - Statistics & Econometrics (10H)
Lecturer - Claude Bernard Lyon 1 University, ISFA Graduate School of Actuarial Studies
Contains: Expected Utility theory, Adverse Selection, Moral Hazard, Information Asymmetry, Price Optimization and Introduction to Behavioral Insurance.
Chapter 1: Global Introduction to the Insurance Market (Exercices correction)
Chapter 2: Risk Aversion and Insurance Demand (Exercices correction)
Chapter 3: Information Asymmetry in Insurance (Exercices correction)
Chapter 4: Behavioral Insurance
Exam

2015 - 2017   Risk & Insurance Economics - Master 1 (Graduate Program) - Actuary (45H)
Teaching Assistant - Claude Bernard Lyon 1 University, ISFA Graduate School of Actuarial Studies
Contains: Game Theory, Information Asymmetry, Optimization.
Exercice sheets: 1, 2, 3, 4, 5, 6, 7
Exam

2014 - 2015   Decision & Game Theory - Master 2 (Graduate Program) - Quantitative Economics (20H)
Teaching Assistant - Lumière Lyon 2 University
Contains: Expected Utility theory, Adverse Selection, Moral Hazard, Nash Equilibrium, Bayesian Game.
Exercice sheets: 1, 2, 3, 4, 5

2013 - 2014   Mathematics - Bachelor 1&2 (Undergraduate Program) - Economics & Mathematics (30H)
Teaching Assistant - Capitole Toulouse 1 University - Toulouse School of Economics (TSE)
Contains: Linear Algebra, Optimization.

My Publication

Published (Non peer-reviewed)

Se couvrir contre le risque, entre obfuscation et honnêteté.
L’Actuariel Jounal, n°33, June 2019, Claire Mouminoux, Jean-Louis Rullière
Professional review published by the French Actuary Institute.

Submitted (Peer-reviewed)

Honesty and Obfuscation: Experimental Evidence on Insurance Demand with Multiple Distribution Channels.
2019, Claire Mouminoux, Jean-Louis Rullière, Stéphane Loisel
Analysis of obfuscation and honesty effects on efficiency of choices and study of determinants of purchasing decision-making in retail insurance including exogenous search costs.
Behavioral Insurance
2019, Claire Mouminoux, Jean-Louis Rullière
Literature survey and recommendations for insurance market.

Working papers

Are we more honest than others think we are?
2019, Claire Mouminoux, Jean-Louis Rullière
Study of distortion in beliefs about other honesty and observed honesty based on a laboratory experiment under different degrees of favorable conditions.

Current projects

Licensing effect and insurance fraud.
2019, Claire Mouminoux, Caroline Bayart, Jean-Louis Rullière
An original experiment in order to identify potential licensing effects on insurance claims based on dynamic behavior of honesty.
Propitious selection: an experimental evidence.
2019, Morgane Plantier, Claire Mouminoux, Jean-Louis Rullière
Analysis of selection effect and moral hazard in individual insurance decision supporting the presence of advantageous selection.
Multiplicity of choices, response time and efficiency.
2019, Claire Mouminoux
Analysis of response time and efficiency of choices under multiplicity of choices with experimental approach.
A game-theoretic analysis of insurers pricing strategies.
2018, Hansjoerd Albrecher, Christophe Dutang, Stéphane Loisel, Claire Mouminoux
Insurer price competition modelling with a repeated one-period non-cooperative game where both insurers' losses and consumers' behaviour are stochastic.

My Presentations

2019 North-American ESA (Economic Science Association) Conference, Vancouver University - Vancouver, Canada, July 2019
Licensing effect and insurance fraud
94th WEAI (Western Economic Association International) Conference, SABE (Society for Advancement of Behavioral Economics) - San Francisco, USA, June 2019
Licensing effect and insurance fraud
36ème Journées de Microéconomie Appliquée (JMA), Faculté des Sciences Juridiques, Economiques et Sociales Aïn Chock - Casablanca, Marocoo, June 2019
Are we more honest than others think we are?
93th WEAI (Western Economic Association International) Conference, SABE (Society for Advancement of Behavioral Economics) - Vancouver, Canada, June 2018
Are we more honest than others think we are?
2017 North-American ESA (Economic Science Association) Conference - Virginia Commonwealth University - Richmond, USA, October 2017
Are we more honest than others think we are?
8th International Conference of the French Association of Experimental Economics (ASFEE) - Faculty of Economics, Rennes 1 University - Rennes, France, June 2017
Honesty and Obfuscation: Experimental Evidence on Insurance Demand with Multiple Distribution Channels. 2016 CEAR/MRIC Behavioral Insurance Workshop, Munich Risk and Insurance Center (MRIC) - Munich, Germany, December 2016
Honesty and Obfuscation: Experimental Evidence on Insurance Demand with Multiple Distribution Channels.
2016 North-American ESA (Economic Science Association) Conference, Arizona University - Tucson, USA, November 2016
Honesty and Obfuscation: Experimental Evidence on Insurance Demand with Multiple Distribution Channels.
The 3rd EAJ (European Actuarial Journal) Conference Lyon, Claude Bernard Lyon 1 University, ISFA - Lyon, France, September 2016
Honesty and Obfuscation: Experimental Evidence on Insurance Demand with Multiple Distribution Channels.
Second Behavioral and Experimental Economics Workshop, Ecole Normal Supérieur Cachan (ENSC) - Paris, France, May 2016
Too Many Insurance Contract Menus: Trust, Biases and Intermediation.