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CEOs make mistakes due to their own psychological biases – but they also profit from the biases of others. Some exploit investors by catering to sentiment – adding “.com” to their name during the Internet bubble or entering “hot” industries to inflate their valuations.
International negotiations concerning our environment such as on climate and biodiversity, often put the scientific case behind economic and political interests, with potentially disastrous consequences. What does that mean for human prosperity and even survival?
Gresham’s Professor of Law Jo Delahunty will explore what the future holds for the next generation of barristers: will they better reflect the society they serve in terms of background, ethnicity and gender? Is privilege and income as much of a division at The Bar as it is in society?
We often think that leaders are particularly strong in decision making – that’s why they’ve made it to the top. But evidence shows that even senior executives are prone to psychological biases, such as overconfidence, groupthink, and applying one-size-fits-all rules.
There is a seismic shift underway in economics, hastened by the aftermath of the Covid-19 pandemic. Communities and countries around the world are beginning to adopt/consider adopting well-being and prosperity as major guiding principles.
The baby boomers have accumulated assets and have generous occupational pensions. Should they pass these assets to their descendants, with the risk of growing inequality, or should they be taxed to benefit society as a whole? Is inheriting morally dangerous? Or are inheritance taxes theft?
The Rt. Hon The Lord Mayor William Russell, President of Gresham College, will be convening a panel on a subject of topical interest. Please check the website for details of the event closer to the time.
Sound investment decisions are critical for our long-term financial future. But psychological biases can lead investors to make costly mistakes – overconfidence can cause them to trade too much, and the reluctance to take a loss can encourage them to throw good money after bad.
How has Covid-19 re-shaped our ideas about what we owe society? The lockdown has had a terrible impact on the economic prospects of young people, and the elderly have suffered from high mortality in care homes.