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'.