Webinar: “Risk Management and the Financial Crisis: A Behavioral Perspective”
No physical events, such as a tsunami, war, or climate change precipitated the global financial crisis, whose effects will continue for many years. Instead, the root cause of that crisis was psychological. In the events which led up to the crisis, heuristics, biases, and framing effects strongly influenced the practice of risk management within key financial firms and rating agencies. Examples involving Merrill Lynch, UBS, Citigroup, Standard & Poor’s, and AIG illustrate this point. The associated risk management practices represent low hanging behavioral fruit. There are also deeper structural behavioral issues lying at the intersection between the financial system and political system
The webinar will be presented by Hersh Shefrin, Professor of Finance at Santa Clara University, faculty member Master of Science in Risk Management Program at NYU Stern.
You can register here
Demian Pack 