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You get what you pay for: Behavioural economics and the GFC

Although there were many causes of the Global Financial Crisis, it is evident that the irrational behaviour of individuals had a huge role to play.

A major behavioural factor that contributed to the GFC was risk-taking behaviour; both by the employees at financial institutions, and by the general public.

This article first appeared in Short Supply 2017 – check out the full magazine via the Short Supply tab at the top of this page!