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dc.contributor.authorLUNN, PETE
dc.date.accessioned2011-05-29T16:39:23Z
dc.date.available2011-05-29T16:39:23Z
dc.date.issued2011-05-19
dc.date.submitted2011en
dc.identifier.citationLunn, Pete, The Role of Decision-Making Biases in Ireland's Banking Crisis, 2011en
dc.identifier.otherN
dc.identifier.urihttp://hdl.handle.net/2262/56169
dc.descriptionPUBLISHEDen
dc.description.abstractThis paper considers Ireland's banking crisis from the perspective of behavioural economics. It assesses whether known biases in judgement and decision-making were instrumental in the development and severity of the crisis. It investigates evidence that key decision-makers, including consumers, businesspeople, bankers and regulators, as well as parties such as civil servants, politicians, academics and journalists, were influenced by seven specific phenomena which have been identified previously via experiments and field studies. It concludes that evidence is consistent with the influence of these established phenomena. Ireland's long boom, rapid financial integration and lack of relevant past experience may have increased the vulnerability of decision-makers to economic and financial reasoning that proved disadvantageous. The analysis has potential implications for attempts to prevent future crises.en
dc.language.isoenen
dc.publisherESRIen
dc.relation.ispartofseriesESRI Working Paper;389
dc.rightsYen
dc.subjectBehavioural economicsen
dc.subjectIrelanden
dc.subjectDecision-making biasesen
dc.subjectFinancial crisesen
dc.subjectEconomicsen
dc.titleThe Role of Decision-Making Biases in Ireland's Banking Crisisen
dc.typeWorking Paperen
dc.type.supercollectionscholarly_publicationsen
dc.identifier.peoplefinderurlhttp://people.tcd.ie/lunnp
dc.identifier.rssinternalid73421


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