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LFF talked with Dr. Thomas Fenzl about the role that humans play in the financial business. The Economic psychologist teaches at the Institute of Psychology at the Alpen-Adria University of Klagenfurt. In the following interview, he points out risks and opportunities linked to human behavior in the financial industry.
How old is the science of behavioural finance?
A milestone for the development of Behavioral Finance was the Prospect Theory by Daniel Kahneman and Amos Tversky in the 1970s.
Allegedly 50% of economic activity is psychologically determined. Do you agree?
I dont feel too comfortable talking about percentages, nevertheless theoretical models, whether...
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