Addressing the Psychology of Financial Markets
Article
Professor Tuckett suggests the key to understanding financial markets is the co-evolution of human nature and financial institutions. He explains the role of stories centred on 'phantastic objects' and groupthink in helping to create asset price bubbles. He concludes that measures to prevent bubbles in the future will be ineffective if they do not include a collective re-examination of the ways savings are managed and a deeper understanding of the emotional nature of the situation financial markets make us all confront.
Professor Tuckett suggests the key to understanding financial markets is the co-evolution of human nature and financial institutions. He explains the role of stories centred on 'phantastic objects' and groupthink in helping to create asset price bubbles. He concludes that measures to prevent bubbles in the future will be ineffective if they do not include a collective re-examination of the ways savings are managed and a deeper understanding of the emotional nature of the situation financial markets make us all confront.
Related items
Mission-driven industrial relations: The case for fair pay agreements
How fair pay agreements could support the government’s mission-based approach by resolving labour market challenges.Women in Scotland: the gendered impact of care on financial stability and well-being
Women in Scotland are far likelier than men to take on childcare and other caring responsibilities, which puts them at an economic disadvantage.ÂCitizenship: A race to the bottom?
The ability to move from temporary immigration status to settlement, and ultimately to citizenship, is the cornerstone of a fair and functional immigration system.