Luxi Shen

Prof. Luxi Shen, PhD from the University of Chicago Booth School of Business, studies judgment and decision making, and consumer behaviour. Her recent research focuses on the general topic of uncertainty. For example, she explores when and why consumers expend more effort to earn an uncertain reward than a certain reward. Prof. Shen’s work has been published in top academic journals, including the Journal of Consumer Research, the Journal of Marketing Research, Psychological Science, and Organizational Behavior and Human Decision Process.

Teaching Areas

• Marketing Management
• Strategic Marketing
• Managerial Decision Making and Negotiations

Research Interests

• Judgement and Decision Making
• Consumer Behaviour
• Uncertainty, Risk, and Luck
• Pricing Strategy and Incentive Design

Education

• Doctor of Philosophy (PhD) The University of Chicago Booth School of Business (2009 — 2014)
• Master of Business Administration (MBA) The University of Chicago Booth School of Business (2009 — 2014)
• B.S. Fudan University (2004 — 2008)

Publications

• Luxi Shen, Christopher K. Hsee, and Joachim H. Talloen (2019), “The Fun and Function of Uncertainty: Uncertain Incentives Reinforce Repetition Decisions,” Journal of Consumer Research, 46(1), 69–81.
• Luxi Shen and Christopher K. Hsee (2017), “Numerical Nudging: Using an Accelerating Score to Enhance Performance,” Psychological Science, 28(8), 1077-1086.
• Luxi Shen, Ayelet Fishbach, and Christopher K. Hsee (2015), “The Motivating-Uncertainty Effect: Uncertainty Increases Resource Investment in the Process of Reward Pursuit,” Journal of Consumer Research, 41, 1301-1315.
• Ayelet Fishbach and Luxi Shen (2014), “The Explicit and Implicit Ways of Overcoming Temptation.” In Dual Process Theories in the Social Mind, edited by Jeffrey Sherman, Bertram Gawronski, and Yaacov Trope, 454-467.
• Luxi Shen and Oleg Urminsky (2013), “Making Sense of Nonsense: The Visual Salience of Units Determines Sensitivity to Magnitude,” Psychological Science, 24(3), 297-304.
• Christopher K. Hsee, Luxi Shen, Shirley Zhang, Jingqiu Chen, and Li Zhang (2012), “Fate or Fight: Exploring the Hedonic Costs of Free Competition,” Organizational Behavior and Human Decision Processes, 119, 177-186.
• Luxi Shen, Christopher K. Hsee, Qingsheng Wu, and Claire I. Tsai (2012), “Overpredicting and Underprofiting in Pricing Decisions,” Journal of Behavioral Decision Making, 25, 512-521.
• Luxi Shen, Christopher K. Hsee, Jiao Zhang, and Xianchi Dai (2011), “The Art and Science of Guessing,” Emotion, 11(6), 1462-1468.
• Christopher K. Hsee, Yang Yang, Naihe Li, and Luxi Shen (2009), “Wealth, Warmth and Well-being: Whether Happiness Is Relative or Absolute Depends on Whether It Is about Money, Acquisition, or Consumption,” Journal of Marketing Research, 46(3), 396-409.

Working Papers

• Luxi Shen, “Risk Averse In Prospect, Risk Seeking In Process.”
• Luxi Shen and Samuel D. Hirshman, “As Wages Increase, Do People Work More or Less? A Wage Frame Effect.”
• Oleg Urminsky and Luxi Shen, “High Chances and Close Margins: How Equivalent Forecasts Yield Different Beliefs.”

Awards & Honours

• Ferber Award (for the best dissertation-based article in the Journal of Consumer Research) Honorable Mention, Association for Consumer Research, 2020
• Faculty Teaching Merit Award, CUHK Business School, The Chinese University of Hong Kong, 2015-16, 2016-17, 2017-18
• Marketing Science Institute (MSI) Young Scholar, Marketing Science Institute, 2019
• Dean’s Nomination of University Education Award, The Chinese University of Hong Kong, 2016
• Hillel Einhorn New Investigator Award Runner-Up, Society for Judgment and Decision Making, 2015