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The bankruptcy of several European countries was not a bolt out of the blue. Nevertheless, recent economic developments have shaken Europes sense of security to the core. Tibor Neugebauer, Professor of Finance at the Luxembourg School of Finance, is specialised in behavioural finance, a science that seeks to explain the relationship between human behaviour and economics. In the following interview, he demonstrates how our daily life can be influenced by complex economic factors.
Seen from a psychological perspective: were there any developments during the euro crisis that could have been seen as predictable or even probable and yet still happened?
Indebtedness or over-indebtedness are always a big risk. It has been clear since the...
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