How do Crisis Experiences Affect Beliefs and Decision-Making?
Вставка
- Опубліковано 20 сер 2024
- #finance #research #inflation
Swedish House of Finance interviewed Ulrike Malmendier (Berkeley Haas) during her visit to Stockholm on October 19.
Malmendier is the 2023 recipient of the Skandia Research Award on Long-Term Savings. She is Professor of Finance at Berkeley Haas, Professor of Economics at the University of California, and a member of the German Council of Economics Experts. Her research expertise lies in the intersection of economics and finance, and specifically how individuals make biased decisions based on personal experiences.
00:00 - Video starts
00:05 - Congratulations on your the Skandia Award. How does it feel?
00:18 - Your research is highly regarded in the field of behavioral economics. Can you pinpoint a few key findings or insights from your work that have had a substantial impact on our understanding of economic decision-making and behavior?
03:19 - Given the current economic challenges, including high inflation and fluctuating mortgage rates, what specific changes or shifts in people's long-term savings behavior have you observed or anticipate?
04:56 - How do personal experiences shape our financial behaviors when it comes to pension savings?
06:26 - Behavioral economics often explores methods to influence or "nudge" people towards better financial decisions. Can you highlight some practical strategies or insights from your work that individuals can use to positively impact their long-term savings behavior, even when faced with behavioral challenges?