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Dan Lovallo

Rated 4.50/5
University of Sydney

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4.005/21/2025

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About Dan

Professional Summary: Professor Dan Lovallo

Professor Dan Lovallo is a distinguished academic at the University of Sydney Business School, recognized for his expertise in behavioral economics, decision-making, and strategic management. With a career spanning multiple prestigious institutions, he has made significant contributions to understanding how psychological factors influence business and economic decisions.

Academic Background and Degrees

Professor Lovallo holds advanced degrees in economics and related fields, equipping him with a robust foundation for his interdisciplinary research. Specific details of his degrees and awarding institutions are as follows:

  • Ph.D. in Economics, University of California, Berkeley

Research Specializations and Academic Interests

Professor Lovallo’s research primarily focuses on:

  • Behavioral economics and decision-making under uncertainty
  • Strategic management and corporate decision processes
  • The role of overconfidence and optimism in business strategy

His work bridges psychology and economics, offering insights into how cognitive biases impact organizational behavior and strategic choices.

Career History and Appointments

Professor Lovallo has held numerous academic and research positions at leading institutions worldwide:

  • Professor of Business Strategy, University of Sydney Business School, Australia (current)
  • Senior Lecturer, University of New South Wales, Australia
  • Visiting and research positions at institutions such as INSEAD and the University of California

Major Awards, Fellowships, and Honors

Professor Lovallo’s contributions to academia have been recognized through various accolades, including:

  • Multiple awards for outstanding research papers in strategic management and decision-making
  • Recognition by leading academic journals for impactful contributions to behavioral strategy

Key Publications

Professor Lovallo has authored and co-authored numerous influential works. Some of his notable publications include:

  • Delusion and Deception in Large Infrastructure Projects: Two Models for Explaining and Preventing Executive Disaster (2009, California Management Review, co-authored with Bent Flyvbjerg and Massimo Garbuio)
  • Overconfidence and Investment: An Experimental Approach (2005, Journal of Economic Behavior & Organization, co-authored with Colin Camerer)
  • Contributions to books and articles on behavioral strategy and decision-making biases

Influence and Impact on Academic Field

Professor Lovallo is widely regarded as a pioneer in integrating behavioral insights into strategic management. His research on overconfidence and optimism bias has influenced both academic discourse and practical applications in corporate strategy. His work is frequently cited in studies of decision-making and has shaped contemporary understanding of how psychological factors affect business outcomes.

Public Lectures, Committees, and Editorial Contributions

Professor Lovallo actively engages with the academic community through:

  • Delivering keynote speeches and lectures on behavioral economics and strategy at international conferences
  • Serving on editorial boards and as a reviewer for top-tier journals in management and economics
  • Contributing to academic committees focused on advancing research in decision sciences