Anxiety Adjusted Returns

In this webinar, Greg Davies of Oxford Risk will discuss how:

In all decisions poor decisions arise from the tension between the ‘sensible’ decision for long-term financial needs, and the ‘emotionally comfortable’ decision in the short term.

This need for emotional comfort means that investors continually deviate from good financial decisions, at the cost of financial returns - for investments this can cost on average 3% per year over time (and this is without considering other financial decisions: savings, debt, insurance etc.).

Improving decision-making requires moving towards a better trade-off between optimal and comfortable… finding a cheaper way of buying the emotional comfort that we all need.

There are many ways of narrowing the gap, making investors more comfortable with better investment solutions … but to do this well requires understand each individual investor's unique financial personality.

This has particular resonance in regard to both Covid, and the rise in retail day-trading … both exacerbate the emotional component of decision making and raise the chances of very costly bad decisions. Decision prosthetics can help guide people more consistently to better decisions.

Greg B Davies, PhD

Greg is a specialist in applied behavioural finance, decision science, impact investing, and financial wellbeing.

He founded the banking world’s first behavioural finance team at Barclays in 2006, which he led for a decade.

In 2017 he joined Oxford Risk to lead the development of behavioural decision support software to help people make the best possible financial decisions.

Greg holds a PhD in Behavioural Decision Theory from Cambridge; has held academic affiliations at UCL, Imperial College, and Oxford; and is author of Behavioral Investment Management.

Greg is also Chair of Sound and Music, the UK’s national charity for new music, and the creator of Open Outcry, a ‘reality opera’ premiered in London in 2012, creating live performance from a functioning trading floor.

This session will be delivered over Zoom

Topic: Anxiety Adjusted Returns - NII webinar

Time: Mar 11, 2021 03:00 PM London

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