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Andres Riofrio-Lara

Discipline

Business Economics and Public Policy

Supervisors

  • Joshua Foster
  • Guy Holburn

Andres is a Business Economics and Public Policy PhD student at the Ivey Business School. His research interest is focused on risk preference reference point formation, adaptive paths in real options scenarios, the influence of risk preferences on value distortion and strategy formation, and the further their impact on public policy, particularly on financial institution regulation.   

Education

  • Bachelor in Economics, Universidad Tecnica Particular de Loja, 2019
  • MBA, INCAE Business School – The Fuqua School of Business at Duke University, 2021​

Research Interests

  • Behavioral Economics 
  • Financial Institutions
  • Regulation
  • Stakeholder Management
  • Emerging Markets

Published Case Studies

  • Camacho, A., & Riofrio-Lara, A. (2024). CreDidemo. In P. Kotler, S. Kibria, & R. Martinez (Eds.), Essentials of Modern Marketing (Central America Edition, pp. 279-285).
  • Fumagalli, E., Ciravegna, L., & Riofrio-Lara, A. (2024). ADOC. In P. Kotler, S. Kibria, & R. Martinez (Eds.), Essentials of Modern Marketing (Central America Edition, pp. 226-233).
  • Fumagalli, E., & Riofrio-Lara, A. (2024). Ron BOTRAN. In P. Kotler, S. Kibria, & R. Martinez (Eds.), Essentials of Modern Marketing (Central America Edition, pp. 99-105).
  • Fumagalli, E., & Riofrio-Lara, A. (2024). Quezalteca. In P. Kotler, S. Kibria, & R. Martinez (Eds.), Essentials of Modern Marketing (Central America Edition, pp. 152-156).
  • Jenkins, M., & Riofrio-Lara, A. (2024). Essential Costa Rica. In P. Kotler, S. Kibria, & R. Martinez (Eds.), Essentials of Modern Marketing (Central America Edition, pp. 59-65).
  • Martinez, O., Riofrio, A., & Calderon, S. (2024). Cementos Progreso. In P. Kotler, S. Kibria, & R. Martinez (Eds.), Essentials of Modern Marketing (Central America Edition, pp. 137-139). 
  • Rodriguez, A., Riofrio-Lara, A., & Souter, J. (2024). Banco General. In P. Kotler, S. Kibria, & R. Martinez (Eds.), Essentials of Modern Marketing (Central America Edition, pp. 256-259).
  • Visentin, G., Ciravegna, L., & Riofrio-Lara, A. (2024). Ocean Reef Islands. In P. Kotler, S. Kibria, & R. Martinez (Eds.), Essentials of Modern Marketing (Central America Edition, pp. 187-195).
  • Ketelhonh, N., Perez, F., Riofrio-Lara, A. (2023). El Dilema de Reinicke Ostria-Dilemma at Reinicke Ostria, INCAE Business School Cases Repository

Awards/Honours

  • Special Services Cross, Ecuadorian Red Cross, 2016
  • Best Graduate, Bachelor in Economics, Universidad Tecnica Particular de Loja, Class of 2019

Conferences

  • 2025 INFORMS Annual Meeting: "Overconfident Pitches, Vulnerable Investors: The Role of Financial Literacy in Crowdfunding and the Need for Consumer Protection Nudges”

Professional Experience

Andres, prior to starting the PhD program, spent seven years in investment banking, consulting and insurance.

Academic Experience

  • Postgraduate research fellow, INCAE Business School

PhD

(anticipated completion 2029)

Ivey Business School

Andres Riofrio-Lara

​Andres  Riofrio-Lara ​

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