Balneus

Australian Lefty on Politics, Governance, Science and Info Management

Posts Tagged ‘economics’

Financial advisors lie – why is the sector any different?

Posted by Dave Bath on 2012-04-29

My SkepticLawyer less-lefty-than-I-am friends (in facebook) linked to "Is the Pope a Catholic" results from an experiment about financial advisors providing self-serving advice, and there is no reason I can see why the same dynamics, behaviour and outcome wouldn’t apply to the financial sector as a whole, pressuring societies into baring their collective throats to the predators.
 

"Valuable advice on investment advisors" (Tim Harford, 2012-04-28) points to a neat double-blind experiment, sending portfolios with common biases and some stupidities to financial advisors to see what would be advised.
 

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Posted in Economics and Business, Ethics, Governance, Society, Uncategorized | Tagged: , , | Leave a Comment »

 
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