Matthew Taylor will explore how brain and behaviour research is increasingly being incorporated into political and policy debate.
Left Brain, Right Brain: Human nature and political values
Tagged with matthew taylor behavioural economics the rsa
Tags / behavioural economics
Tagged with “behavioural economics”
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How to Control and Change Individual Behaviour: the world as installation
Changing individual behavior is a major stake for policies and management, but humans think and act as social beings rather than rational agents. The lecture will introduce Installation Theory, the principles of which can be used for governance. Saadi Lahlou is director of the Institute of Social Psychology at LSE.
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Behavioral Finance: The Role of Psychology
Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phenomenon, such as erratic stock price variations. Psychological patterns such as overconfidence and perceived kinks in the value function seem to impact financial decision-making, but are not included in classical theories such as the Expected Utility Theory. Kahneman and Tversky’s Prospect Theory addresses such issues and sheds light on irrational deviations from traditional decision-making models.