Monika Czerwonka

Monika Czerwonka is a Professor at the Warsaw School of Economics, heading the Department of Capital Markets and Behavioral Finance within the Institute of Finance. Her work bridges traditional finance theory with behavioral economics, focusing on cultural finance, socially responsible investing (SRI), and the intersection of ethics/religion in economic decision-making.

• Warsaw School of Economics
• Department of Capital Markets and Behavioral Finance

Her research explores:

• Behavioral finance and psychological factors in investment decisions
• Cultural influences on financial behavior across regions
• Ethical investing frameworks from religious perspectives
• Economics of happiness and hedonic adaptation

Recent publications analyze:

• Behavioral responses during the COVID-19 crisis
• Cultural variations in loss aversion and cognitive biases
• Religious influences on investment rationality
• Application of Catholic Social Teaching in finance

She supervises research projects including:

• Gift Economy experiments using Dictator Games
• Mazovia regional development for global business
• Economic uncertainty and stress coping profiles in Poland

Teaching areas include:

• Behavioral Finance (undergraduate & doctoral)
• Sustainable Investments
• Finance Practice Seminars