Project xDELIA

The xDELIA project aims at investigating how emotions affect decision making in the finance market. This is done by applying technologies from sensors engineering and professional game environments in combination with the knowledge that has been gained from experimental research in economy and psychology. The relationship between these emotional responses and their eventual effect in decision making may thus be determined.

FZI Karlsruhe, alongside SAXO Bank (Copenhagen), is participating in an EU initiative researching the challenges and behavioural biases faced by people and businesses when they make financial decisions.

FZI, a research specialist for information management, bio-sensor technology and physioeconomics, is one of seven organisations participating in xDelia, an EU funded international consortium of researchers that proposed and received a grant for EUR 3.2 million for the next three years for advanced research in the area of financial decision-making. The first meeting took place at Saxo Bank's headquarters on Friday, February 20th.

Focusing on a broad range of subjects from traders and private investors to ordinary members of the public, xDelia will exploit new and emerging technologies to explore financial decision-making processes, including the role of emotion in people's decisions. The research aims to support traders and private investors and tackle the challenges they face when making financial decisions.

• xDelia, led by the International Centre for Numerical Methods in Engineering in Barcelona, is an international consortium of researchers that proposed and received a grant of EUR 3.2 million.
• Spanning three years, the project will use cutting-edge gaming and experimental approaches with sensor technologies, including pulse rates and skin-inductance, to place people in virtual situations and analyse their emotional and behavioural patterns at the point of, and in the run up to, a financial decision
• The data collected in the project will be used to extend understanding of judgemental biases and emotional regulation in novice and expert decision-makers, providing feedback on the development of learning support technologies.
• Other participants in the project include Open University London, Erasmus University in Rotterdam, Blekinge Institute of Technology in Sweden and the University of Bristol.

 

• Aided: EU
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• Involved Groups: ESS, IPE