Speaker: Alena Kuprevich, Managing Director
Panel Subject: Integrating psychology and economics, Behavioral Finance is a new field in economics suggesting people are not as rational as standard economic theory predicts. Research suggests that most individuals have biases which influence their decision-making, such as loss aversion (tendency to strongly prefer avoiding losses to acquiring gains), status quo effect (tendency to maintain a previous or default decision), representativeness (tendency to form judgments based on stereotypes) and anchoring (after forming an opinion, people are often unwilling to change it, even though they receive new information that is relevant). This panel of sophisticated institutional investors will discuss these biases, how they can impact investment decisions and strategies to mitigate them.
Venue: St. Regis, Washington D.C., 923 16th Street Northwest (Cross Streets K & I), Washington, DC 20006