MSGF Online Seminar — Stakes and Mistakes

Behavioral finance as a field has grown dramatically in popularity over the last three decades. The field has documented systematic patterns of investor behavior and prices that are consistent with experimental evidence in psychology, rather than economic theory. However, both practitioners and critics of behavioral finance have pointed out a few important reasons for skepticism. One of the most prominent ones is the fact that most of the evidence in psychology – which underpins the field – comes from experiments with little at stake for participants. The argument goes that once we examine behavior in situations with high stakes – like real-world financial decisions – many documented biases might disappear. In this seminar, Professor Nielsen addresses the important critique of behavioral finance and provide compelling evidence in favor of behavioral finance: Mistakes do not disappear when stakes are raised, even when this increase is substantial.
Professor Kasper Meisner Nielsen is Professor of Finance at Copenhagen Business School and Adjunct Professor Finance at HKUST. He received his Bachelor of Science, Master of Science, and Ph.D. degrees in Economics from the University of Copenhagen. Professor Nielsen previously taught at HKUST and Chinese University of Hong Kong, and has been a visiting scholar at Stern School of Business at New York University. From 2015 to 2018 he was the Academic Director of the HKUST-NYU Master of Global Finance program. |
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For details, visit the official event page here.
Kindly contact Ms Tracy Chau for enquiries.
May
18
May
18
20:00 - 21:15 (Hong Kong Time)
Online via Zoom