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    Why did the bankers behave so badly?

    Sibert, Anne (2009) Why did the bankers behave so badly? Vox ,

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    Abstract

    Greedy bankers are getting most of the blame for the current financial crisis. This column explains bankers did behave badly for mainly three reasons. They committed cognitive errors involving biases towards their own prior beliefs; too many male bankers high on testosterone took too much risk, and a flawed compensation structure rewarded perceived short-term competency rather than long-run results.

    Metadata

    Item Type: Article
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 06 May 2014 09:58
    Last Modified: 06 May 2014 09:58
    URI: http://eprints.bbk.ac.uk/id/eprint/9672

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