Ruffer Radio: Mind over matter?

Episode 7: The uses and abuses of behavioural economics

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Lauren French
Investment Director
Andrew van Biljon
Research Director
Rory McIvor
Senior Associate

What do these theories say about us as decision makers? What are their shortcomings? 

Can behavioural science make us better investors? Andrew van Biljon and Lauren French offer their insights into the world of behavioural economics. 

Further reading

Gigerenzer (2018), The Bias Bias in Behavioral Economics, Review of Behavioral Economics vol 5/3-4

Kahneman and Tversky (1979), Prospect Theory: An Analysis of Decision under Risk, Econometrica vol 47/2

Miller and Sanjurjo (2018), Momentum Isn’t Magic—Vindicating the Hot Hand with the Mathematics of Streaks

Peters (2019), The ergodicity problem in economics

Raviv, (2018) The Genius Neuroscientist Who Might Hold the Key to True AI

Nanayakkara, Nimal and Weerakoon (2019) Behavioural Asset Pricing: A Review, International Journal of Economics and Financial Issues vol 9/4

Choice (2020) What Lesson Can Investors Take from Sir Isaac Newton’s Mistakes?

 

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