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 Journal, 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 and decision-making.
2019, Claire Mouminoux
Analysis of heuristic biaises under multiplicity of insurance choices with an 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

MBA - CHEA Seminar, Paris Dauphine University - Paris, France, November 2019
L’impact des systèmes de distribution dans la formation du résultat des compagnies.
Participants' presentation evaluation (only in French)
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.