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Prof David Tuckett
1-19 Torrington Place
Prof David Tuckett profile picture
  • Emeritus Professor
  • Clinical, Edu & Hlth Psychology
  • Div of Psychology & Lang Sciences
  • Faculty of Brain Sciences

David Tuckett trained in Economics, Medical Sociology and Psychoanalysis and held previous positions at the Middlesex Hospital Medical School and Bedford College (University of London) and at Cambridge University. He is Fellow of the Institute of Psychoanalysis (London) and has worked part-time in psychoanalytic clinical practice since 1977.
Author of "An Introduction to Medical Sociology" (1978), David initiated some of the first teaching in psychology and sociology for UK medical students. As Director of the Health Education Studies Unit at Cambridge he led a research team which studied 400 GP consultations and interviewed the patients. In Meetings Between Experts: A Study of Doctor-Patient Communication in General Practice (published in 1985) the conclusion was that successful medical communication involved an exchange of “explanatory” models. From 1988-2001 David was Editor of the International Journal of Psychoanalysis and from 1999-2004 President of the European Psychoanalytic Federation. He introduced new ways of peer review and research into psychoanalytic practice and writing, for which he was awarded the Sigourney Prize in 2007.  A major monograph, co-written with nine European colleagues and entitled Psychoanalysis Comparable and Incomparable: The evolution of a method to describe and compare psychoanalytic approaches, described the core elements of psychoanalytic practice.
In 1999 David brought sociology, psychoanalysis and economics together to study the Dotcom Bubble and Crash. In 2006 through a Leverhulme Research fellowship at UCL he began a "psychoanalytic study of investment markets" leading to the widely acclaimed book, Minding the Markets: An Emotional Finance View of Financial Instability. It details the decision-making of fifty of the world’s leading asset managers and develops a new theory of emotional finance, able to explain both boom and bust. David also published a monograph in 2013 in New York co-authored with Richard Taffler, aimed at the finance industry directly through the influential and US based Chartered Financial Analysts Research Foundation.
Since 2010, with the support of the Institute of New Economic Thinking, he has been collaborating with a colleagues in economics, finance, psychology, social anthropology, computer science and neuroscience to develop a new approach to modelling the micro foundations of economic behaviour under uncertainty - Conviction narrative theory (CNT). Operationalized to track sentiment shifts in digital text, CNT is proving useful as a new method to forecast the economy and to detect signs of emerging risk. During the last few years the work has been presented  at the Bank of England, the Centre for Central Banking, the European Central Bank, the Financial Conduct Authority, the OECD and the Institute of New Economic Thinking, the World Economic Forum, the Global Economic Symposium, the International Organization of Securities Commissions (IOSCO), the Joint Research Committee of the European Union, the European Political Strategy Centre, the US Office of Financial Research, the US Federal Reserve and the Securities and Exchange Commission of Brazil.
David Tuckett is a member of the Advisory Board of Arabesque Asset Management, a pioneering values based asset management company aiming to align the interests of savers with the wider interests of humanity. 




Research Summary

My present research is in two fields: economics and finance and the technique of clinical psychoanalysis. The latter is pursued with a group of European colleagues who have helped me develop a method known as the CCM method. It specifies specific roles for a clinical presenter and those discussing his or her work and seeks to identify core aspects of the analysts working model. 

The overarching objective of my research in economics is to elaborate and operationalize a new interdisciplinary theory of human decision making, conviction narrative theory (CNT) that reflects the behaviour of economic agents more accurately than the currently standard approaches in either economics or judgment and decision-making psychology. CNT hypothesises that actors use narratives to interpret the world and decide how to act, and also that they act when these narratives evoke a dominance of approach over avoidance emotions. The aim of the research programme is (1) to transform how we understand and model decision-making; (2) to apply that understanding to economics to offer a new set of “micro foundations” (3) to develop radically new methods of economic forecasting and risk detection and (4) to provide policy makers with experimentally backed evidence about how to develop convincing collaboration narratives – for example, a new narrative for European cooperation or a new narrative for narcotic drug policy


Teaching Summary
I supervise PhD. students and Masters students from the Cognitive and Decision Sciences M.Sc. 
01-JAN-2014 Director Centre for the Study of Decision-Making Uncertainty UCL, United Kingdom
Academic Background
1970   Master of Science Bedford College
1969   Bachelor of Arts University of Cambridge
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