Complementing Economic-based Theory with Psychological Theory to Ask New Questions
Libby Weber is an Assistant Professor of Strategy at The Paul Merage School of Business, University of California, Irvine. She has an MBA and PhD from the Marshall School of Business at the University of Southern California. She also has an MS in Neuroscience and Behavior from the University of California, Irvine and a BS in Psychology from the University of Illinois, Champaign-Urbana.
Libby’s research augments transaction cost economics with psychology. Specifically, she examines how psychological influences, such as perceptions, frames, expectations and biases, impacts exchanges and on-going exchange relationships. She has published her work in the premier journals in the field including the Academy of Management Journal and Academy of Management Review and Organization Science.
Libby has been recognized for her research and reviewing excellence by receiving a Distinguished Paper Award from the Business Policy and Strategy Division at the 2014 Academy of Management Annual Meeting, the Academy of Management Journal Best Reviewer Award in 2012, the Best Reviewer Award from Business Policy & Strategy Division at the Academy of Management in 2012. She also received Best Paper Nominations for the Strategic Management Society Annual Conference in 2011, 2013, 2014 and 2016, and recognized as a finalist for this award in 2016. She was also invited to serve on the editorial boards of Academy of Management Journal and the Academy of Management Review, and was recently elected to the Business Policy and Strategy Division’s Executive Committee leadership team in the Academy of Management and as a representative at large for the Corporate Strategy interest group in the Strategic Management Society.
In addition to her teaching experience, Libby has several years of industry experience. She started her career in the defense industry and then moved to the opposite end of the spectrum by joining a B2B firm in the middle of the dotcom boom. Libby continued in that industry for several years, ending up as the VP of Marketing for a B2B software firm. She also served as a healthcare strategy and marketing consultant, and spent some time at a medical device firm.