“Managerial behavioural biases in financial institutions have been one of the main causes of the global financial crisis (2007 – 2009).” Using the concepts of risk aversion, loss aversion, information asymmetry and heuristics, critically discuss this statement while giving practical examples and utilising real-life case studies.
Extra information:
• A maximum word count (1,500 word). 10% tolerance
• The references must be used only from reliable sources such as books, journals and the textbooks (from Google Scholar, Jstor and etc.)
The overall word count includes: citations and quotations, headings and subheadings
• The overall word count excludes:
1) The references or bibliography at the end of the coursework
2) Figures and tables (only if they contain numbers or stats)
3) Appendices (do not use them unless necessary; they are not marked!)
• Don’t write a long introduction. In particular, there’s no need to introduce basic concepts (risk etc) unless they’re critical
• Up-to-date materials are prioritised and are urged to be used rather than outdated materials
Text format:
• Font: Verdana, 11 point
o Spacing: 1.5 spaced
o Margins: Normal (2.5 cm)
o Referencing (Harvard citation style)
o 15 references are needed for this essay
