University of Cambridge > Talks.cam > CERF and CF Events > Time and value: traps and fallacies of asset pricing

Time and value: traps and fallacies of asset pricing

Add to your list(s) Download to your calendar using vCal

If you have a question about this talk, please contact Cerf Admin.

Abstract We are familiar with the concept of > ‘statistical illusion’, that is, the tendency for human beings to make > statistically incorrect inferences from empirical data. Examples of > these include the clustering illusion (‘hot hand fallacy’), and the > gambler’s fallacy. This presentation discusses statistical illusion > and cognitive bias in the financial markets, and how it can impact the decisions of buyers and sellers. Examples include technical analysis, correlation products, long-term discount rates, securitisation products and mortgage break clauses. To what extent are all market agents prone to cognitive bias? If so, what implication does such bias have for regulation and market ethics?

This talk is part of the CERF and CF Events series.

Tell a friend about this talk:

This talk is included in these lists:

Note that ex-directory lists are not shown.

 

© 2006-2021 Talks.cam, University of Cambridge. Contact Us | Help and Documentation | Privacy and Publicity