Posts tagged with: Finance and banking
Did anyone learn anything from the Equitable Life? Lessons and learning from financial crises. (Sept 2012)
"The focus of this report is what lessons might potentially have been drawn from Equitable’s crisis and what was learned, and how they related to the subsequent financial crisis of...
Too much testosterone, too much confidence: the psychology of banking. (2012)
There is something disturbingly compelling about reading the emails and instant messages exchanged by Barclays bankers in the process of rigging interest rates for their own gain. Ian Leslie...
The Hour Between Dog and Wolf: Risk-taking, Gut Feelings and the Biology of Boom and Bust. (2012)
"Coates identifies a feedback loop between testosterone and success that dramatically lowers the fear of risk in men. Similarly, intense failure leads to a rise in levels of cortisol that lowers...
A culture of mania: a psychoanalytic view of the incubation of the 2008 credit crisis. (2011)
"The financial turmoil of 2008 (was) preceded by an incubation period lasting for over two decades during which a culture of mania developed .. a culture comprised of denial; omnipotence;...
The introduction of a non-traditional and aggressive approach to banking: the risks of hubris. (2011)
"The study highlights the risks of hubris, in that media praise and early successes can increase the pace of adoption of innovations which offer short-term gains but are detrimental in...
Share traders more reckless than psychopaths, study shows. (2011)
"What makes individual stockbrokers blow billions in financial markets with criminal trading schemes? It may be because share traders behave more recklessly and are more manipulative than psychopaths. Spiegel...
Meltdown: The end of the age of greed. (2010)
The financial meltdown of 2008 “was the product of giant hubris and the untrammelled power of the financial elite.” Paul Mason, journalist, broadcaster, visiting professor University of Wolverhampton Publisher: Verso...
The neuroscience of money: finding how traders tick. (2010)
"A fascinating overview of some of the most interesting research of the last few years into the neuroscience of money and the impact genetics, neurology, physics and biology might have on financial...
Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe. (2010)
"In the mid 1990s dozens of JP Morgan bankers gathered for a legendary meeting to assess the possibility of building a business around the new-fangled concept of credit derivatives. Gillian...
Deconstructing ‘stupidity’: why smart people often do stupid things. (2008)
To understand ‘stupidity’ it is necessary to deconstruct it and to show that it can subvert even the keenest intellect under certain conditions. Jeffrey Gandz, Professor of Strategic Leadership and...