Financial literacy

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Will ‘History of Financial Crises’ education really do anything to curb risk taking behaviour? shutterstock

Financial crises 101 could provide lessons for all

By Jikon Lai, University of Melbourne

The chairman of the Australian government’s Financial Sector Advisory Council, Paul Binsted, believes that bankers who have experienced financial crises are more cautious about taking risks. However, short…
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When emotions meet economics: New York police and protesters clash during the Occupy movement protests on Wall Street. AAP

Economics and the brain: how people really make decisions in turbulent times

By Paul Harrison, Deakin University

In a 2008 paper on neuroeconomics, Carnegie Mellon University economist George Loewenstein said: “Whereas psychologists tend to view humans as fallible and sometime even self-destructive, economists tend…

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