Interacting psycho-economics expectations ratios with equity/debt realities suggests a crisis warning method

Publisher:
Institute of Biophysics and Biomedical Engineering
Publication Type:
Journal Article
Citation:
Bioautomation, 2011, 15 (4), pp. 215 - 222
Issue Date:
2011-01
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The recent April 2011 meeting of the G20 countries considered possible development of a global early warning system to avoid any future financial crisis. Psycho-economic factors are strong drivers of greed, fear and non-rational behavior and experience shows that they should not be excluded from such a project. Rational, logical behavior for attitude and actions has been an assumption in most financial models prior to the advent of the 2008 crisis. In recent years there has been an increasing interest in relating financial activity to phenomena in physics, turbulence, neurology and recent fMRI experiments show that cortical interactions for decisions are affected by previous experience.
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