Posts Tagged ‘behavioural

Novo magazine has published a German translation of my spiked article defending rational man. Die Verhaltensökonomie bietet eine pseudowissenschaftliche Legitimation für antidemokratische Einstellungen. Unsere persönliche Sicht auf politische Zusammenhänge hängt zu großen Teilen davon ab, ob wir glauben, dass Menschen dazu fähig sind, vernünftige Entscheidungen zu treffen. Es ist keine Übertreibung zu behaupten, dass die […]

Last Friday spiked published an article by me on behavioural economics. An individual’s stance on politics largely depends on his view of the capacity of humans to exercise reason. It is no exaggeration to say that the ideas of freedom and democracy are premised on the notion that people can act rationally. Think of any […]

I will be introducing a discussion of behavioural economics at the Institute of Ideas Economy Forum in London this coming Thursday evening. Do come along if you can. The discussion will range far wider than what is normally conceived of as economics. Details can be found HERE.

The following is a blog post I wrote on behavioural economics for the Institute of Economic Affairs website. Anyone who has what might be called an instinct for freedom is likely to baulk at being dictated to by experts. A fundamental liberal principle is that individuals should have the autonomy to make their own decisions […]

It is sad fact that as the emerging economies have become wealthier the discussion of development has become ever more degraded. Whereas the focus used to be on economic transformation, attempting to turn poor countries into rich ones, the new generation of experts promotes behavioural correctness. Take a look at the 2015 edition of the […]

Debate concentrates the mind. It is easy to dismiss opinions you disagree with from the privacy of your own living room. Debating articulate exponents of contrary views is another matter – even more so when the discussion takes place in front of a large audience. I found myself in the position of having to sharpen […]

This is the main text of my recent Fund Strategy cover story on behavioral finance. For a related box see below. Insights into investment behaviour sometimes come from unexpected directions. Daniel Kahneman, who won the Nobel prize for economics in 2002 for his work on behavioural finance, has described what for him was a eureka […]

On Wednesday 9 July I will be taking part in a panel discussion on behavioural finance at the City of London Festival. Frances Hudson (Global Thematic Strategist, Standard Life Investments), Greg Davis (Head of Behavioural and Quantitative Investment Philosophy, Barclays) and I will introduce a discussion on “Does emotion or reason dictate the financial markets?”.

Ben Hunt has written an excellent critique of behavioural economics for Fund Strategy magazine.

This is a guest post by Ben Hunt; a financial journalist and author of The Timid Corporation (Wiley 2003). Gideon Rachman’s Financial Times article (see yesterday’s post) is the most recent of many to criticise economists, post-financial crisis. Economics, he suggests, has been too heavily focused on forecasting, and economists have wrongly tried to replicate […]