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Episode 75, 25 MIN 44 SEC , MP3 FORMAT

Human Judgement and Investment Manias

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"In the US mortgage market, while the recent housing bubble was going on, the lending standards were relaxed, people could borrow a lot more money and pour it into their house and that exacerbated the bubbles." - Prof Charles Noussair

Charles Noussair

Professor Charles Noussair received his B.A degree in economics and psychology at the University of Pennsylvania and his M.S. and Ph.D degrees in Social Science from the California Institute of Technology. He has held positions on the faculties of Erasmus, Purdue, Emory, and Tilburg Universities. He is an adjunct professor at the Department of Economics at the University of Melbourne for one month each year.

Dr Tom Wilkening

Dr. Tom Wilkening received his PhD in Economics from MIT in 2008.  He conducts research in the fields of Experimental Economics, Market Design, and Development. His current research focuses on the aggregation of information in markets and institutions, the persistence of regulation, market design for antiquity preservation, and on the behavioural forces that affect optimal contracting.

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USEFUL LINKS

Prof Charles Noussair

Recent Publications

  • “Peaks and Valleys: Price Discovery in Experimental Asset markets with Non-Monotonic Fundamentals”, with Owen Powell, Journal of Economic Studies, forthcoming.
  • “The Impact of Simple Institutions in Experimental Economies with Poverty Traps”, with C. Monica Capra, Colin Camerer, Tomomi Tanaka, Lauren Feiler, and Veronica Sovero, Economic Journal, Vol. 119, No. 539, July 2009, pages 977-1009. 
  • “Expert Financial Advice Neurobiologically ‘Offloads’ Financial Decision Making Under Risk”, with Gergory S. Berns, C. Monica Capra and Jan Engelmann, Public Library of Science – One (PLOS-1), Vol. 4, No. 3, March 2009, pages 1 – 14.

Faculty of Economics and Business Administration, University of Tilburg, Netherlands

Dr Tom Wilkening

Recent Publications

  • The Informational Properties of Institutions: An Experimental Study of Persistence in Markets with Certification (Job Market Paper)
  • Protecting Antiquities: A Role for Long-Term Leases? with Michael Kremer
  • Thin and Thick Markets:  Middlemen, Search, and Market Closure

Department of Economics, The University of Melbourne

 

 

CREDITS

Host: Jennifer Cook
Producers: Kelvin Param, Eric van Bemmel, Miles Brown and Jennifer Cook
Series Creators: Eric van Bemmel and Kelvin Param
Audio Engineer: Miles Brown
Theme Music performed by Sergio Ercole. Mr Ercole is represented by the Musicians' Agency, Faculty of Music
© The University of Melbourne, 2009. All Rights Reserved.
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