Shame about poverty often increases poverty

Shame is more common among people who have financial difficulties and is often accompanied by behavior that actually can perpetuate poverty. For example, money is spent on status symbols instead of basic necessities, and ...

Peer effects, personal characteristics and asset allocation

Both academic researchers and practitioners know that behavioural biases can drive household financial decisions away from standard finance models, and that people don't always follow the professional advice they receive. ...

Climate change becoming a wake-up call in the world of finance

As climate changes become impossible to dismiss, how does the mainstream investor community respond? Are financial decisions taking full account of risks and opportunities related to climate change, or is the topic still ...

Overconfidence in new technologies can influence decision-making

Technological advances in recent decades have transformed most aspects of daily life, and technology now plays a major role in business and society. However, little is known about how perceptions of technology might influence ...

How financial decisions are made

Jayant Kale didn't grow up dreaming of becoming a leading expert in corporate finance and mutual fund investment. But he's happy he invested in that market early in life.

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