“Greedy” bankers and investors became the scapegoats for the 2008 financial crisis and everything that went wrong in the economy since. Economic psychologist dr. Karlijn Hoyer discusses whether that is justified.
This program is organized in collaboration with B&R Beurs Eindhoven.
Psychological influences and biases, like greed, affect the financial behaviors of investors and can be the source of all kinds of (stock) market anomalies. Greed is the insatiable desire for more. A desire that can be felt for monetary and material possessions, as well as non-material things such as sex, friends, and status. Following the 2008 financial crisis, “greedy” bankers, CEOs, shareholders, and other big risk-taking investors became the scapegoats for the financial decline and everything that went wrong in the economy. There are individual differences in how greedy people are and it turns out that bankers are indeed likely to score high on the personality trait ‘greed’. But do greedy investors also trade differently than their non-greedy counterparts? And what happens to market stability if you group greedy traders together in a market? Economic psychologist dr. Karlijn Hoyer will discuss the impact of psychological influences in economic decision-making and answer these questions.
Dr. Karlijn Hoyer recently defended her PhD dissertation entitled “Insatiable Desires: How Dispositional Greed Affects Everyday Life” at Tilburg University. Her research is on the boundary of psychology and economics, and aims to understand the psychological mechanisms underlying greed and the financial, economic and social consequences that greed has. She is currently working as a lecturer at the department of Social Psychology at Tilburg University.
This lecture is organized in collaboration with B&R Beurs Eindhoven, the student investment society of the Eindhoven University of Technology.
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NOTE: This program will not be live streamed.
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