IE-OPIM Joint Graduate Seminar: Burçin Bozkaya (Sabancı University)
“Money Walks: Implicit Mobility Behavior and Financial Well-Being”
Date: Wednesday, September 30, 2015
Time: 13:40 – 14:30
Location: FENS G032
Abstract: Traditional financial decision systems (e.g. credit) had to rely on explicit individual traits like age, gender, job type, and marital status, while being oblivious to spatio-temporal mobility or the habits of the individual involved. Emerging trends in geo-aware and mobile payment systems, and the resulting “big data,” present an opportunity to study human consumption patterns across space and time. Taking inspiration from animal behavior studies that have reported significant interconnections between animal spatio-temporal “foraging” behavior and their life outcomes, we analyzed a corpus of hundreds of thousands of human economic transactions and found that financial outcomes for individuals are intricately linked with their spatio-temporal traits like exploration, engagement, and elasticity. Such features yield models that are 30% to 49% better at predicting future financial difficulties than the comparable demographic models.
In this talk, Dr. Bozkaya will also introduce the newly founded SU-MIT Behavioral Analytics & Visualization Lab, and describe ways for various contributors to participate in Lab activities.
Bio: Dr. Burçin Bozkaya earned his B.S. and M.S. degrees in Industrial Engineering at Bilkent University, Turkey and his Ph.D. in Management Science at the University of Alberta, Canada. He worked as a Senior Operations Research Analyst at ESRI, Inc., a California-based GIS software company, focusing on decision support algorithms and systems for transportation modeling and route optimization. Since 2004, Dr. Bozkaya is a full-time faculty member at Sabancı University School of Management. He has scholarly publications in numerous international journals in the fields of location analysis, vehicle route planning and optimization, location-based services and (spatial) decision support systems. He has earned practice awards for implementing his research in industry projects. Since 2013, Dr. Bozkaya is an active researcher in the field of Big Data Analytics and currently serves as the Director of Behavioral Analytics & Visualization Lab, co-founded by MIT Media Lab at Sabancı University, as well as a Managing Partner at VisioThink, Inc. Dr. Bozkaya is a father of two and he enjoys playing instruments, hiking and long-distance running.