Rationality and Risk Perception: Private Investors’ Behaviour in Financial Markets

Professor Rolf von Lüde

When?

Wednesday 7 December 2011, 15:15

Where?

14MS01

Open to:

Public, Staff, Students

Speaker:

Professor Rolf von Lüde, University of Hamburg

Abstract

After briefly discussing some characteristic differences between bank–and market-based financial systems, the presentation will focus on the investment behaviour of private households. It will be shown that this behaviour is guided by heterogeneous versions of rationality. Also, it will be explained why households in bank-based financial systems provide banks with ‘patient money’, i.e. with relatively low return expectations.

Biography

Rolf von Lüde is a Professor of Sociology with a focus on economic sociology in the School of Business, Economics and Social Sciences at the University of Hamburg. In 2009 he was ‘Alfred Grosser Professor’ (visiting) at the ‘Institut d’ Études Politiques de Paris – Sciences Po’