The financial dangers of echo chambers

As ongoing revelations about Facebook's algorithm are showing, social media's ability to shape our attitudes by steering users into echo chambers is raising questions about our national discourse and drawing increasing attention ...

Responsible investment is not enough to combat climate change

In their new book on responsible investment, Professor Vesa Puttonen and Bachelor of Science Tatu Puttonen state that politicians cannot outsource their responsibility for combating climate change to asset managers and investors. ...

People only pay attention to new information when they want to

A new paper in the Journal of the European Economic Association, published by Oxford University Press, indicates that we tend to listen to people who tell us things we'd like to believe and ignore people who tell us things ...

How is COVID-19 affecting the global economic order?

Supply chains collapse, companies are facing bankruptcy, and mass unemployment ensues. Covid-19 has triggered a global financial crisis and is forcing states to develop rescue packages on a scale not seen before. In addition, ...

Algorithm to transform investment banking with higher returns

A University of Bath researcher has created an algorithm which aims to remove the elements of chance, bias or emotion from investment banking decisions, a development which has the potential to reduce errors in financial ...

Why you should love robo-advisers

Robo-advisers have been around long enough that the question is no longer whether you should turn your investment decisions over to a computer. Now the question is: Why wouldn't you?

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. ...

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