Why did the bankers behave so badly?

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

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Official URL: http://www.voxeu.org/article/why-did-bankers-behav...

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 Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
Depositing User:	Sarah Hall
Date Deposited:	06 May 2014 09:58
Last Modified:	02 Aug 2023 17:10
URI:	https://eprints.bbk.ac.uk/id/eprint/9672

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