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dc.contributor.authorLunn, Peteen_US
dc.date.accessioned2011-06-06en_US
dc.date.accessioned2011-09-30T10:00:07Z-
dc.date.available2011-09-30T10:00:07Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/50125-
dc.description.abstractThis paper considers Ireland's banking crisis from the perspective of behavioural economics. It assesses whether known biases in judgement and decision-making were instrumental in the development and severity of the crisis. It investigates evidence that key decision-makers, including consumers, businesspeople, bankers and regulators, as well as parties such as civil servants, politicians, academics and journalists, were influenced by seven specific phenomena which have been identified previously via experiments and field studies. It concludes that evidence is consistent with the influence of these established phenomena. Ireland's long boom, rapid financial integration and lack of relevant past experience may have increased the vulnerability of decision-makers to economic and financial reasoning that proved disadvantageous. The analysis has potential implications for attempts to prevent future crises.en_US
dc.language.isoengen_US
dc.publisherESRI Dublinen_US
dc.relation.ispartofseriesESRI working paper 389en_US
dc.subject.jelD03en_US
dc.subject.jelD81en_US
dc.subject.jelG01en_US
dc.subject.jelG32en_US
dc.subject.ddc330en_US
dc.subject.keyworddecision-making biasesen_US
dc.subject.keywordfinancial crisesen_US
dc.subject.keywordbehavioural economicsen_US
dc.subject.keywordIrelanden_US
dc.titleThe role of decision-making biases in Ireland's banking crisisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn661454061en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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