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How crises rewire our brains

Ulrike Malmendier [1] interviewed by Tim Phillips [2], 29 October 2021

When we live through a financial crisis, many of us think differently about money afterwards. Neuroscientists can show that the experience changes the physical structure of our brains, and Ulrike Malmendier tells Tim Phillips how this should also change the way that economists think about preferences for risk.

Read more about the research presented and download the free Discussion Paper

Malmendier, U. 2021. 'Experience Effects in Finance: Foundations, Applications, and Future Directions [3]'.

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Related

  • Scarred consumption [5]
    Ulrike Malmendier, Leslie Sheng Shen
  • The scarring effects of COVID-19 on the global economy [6]
    Natalia Martín Fuentes, Isabella Moder
  • Hysteresis and fiscal policy during the Global Crisis [7]
    Antonio Fatás, Lawrence H. Summers

Topics:  Global crisis [8]

Tags:  economic crisis [9], consumption [10], Great Recession [11], long-run consequences [12], unemployment [13]


Source URL: https://voxeu.org/vox-talks/how-crises-rewire-our-brains?qt-quicktabs_cepr_policy_research=1

Links
[1] https://voxeu.org/user/219944
[2] https://voxeu.org/user/250023
[3] https://cepr.org/content/free-dp-download-29-october-2021-experience-effects-finance-foundations-applications-and
[4] itpc://www.voxeu.org/rss.php?q=itunes_podcast
[5] https://voxeu.org/article/scarred-consumption
[6] https://voxeu.org/article/scarring-effects-covid-19-global-economy
[7] https://voxeu.org/article/hysteresis-and-fiscal-policy-during-global-crisis
[8] https://voxeu.org/content/topics/global-crisis
[9] https://voxeu.org/taxonomy/term/5526
[10] https://voxeu.org/taxonomy/term/1041
[11] https://voxeu.org/taxonomy/term/2009
[12] https://voxeu.org/taxonomy/term/12085
[13] https://voxeu.org/taxonomy/term/139