In his Research Foundation monograph, “Behavioral Finance: The Second Generation,” author and researcher Meir Statman describes people as “normal” — neither “rational,” as assumed by standard finance, nor “irrational,” as described in the first generation of behavioral finance. In this webinar, Professor Statman will discuss the mental mistakes that investors frequently make on the way to satisfying their normal wants, especially in the context of the current global pandemic and financial crisis. The second generation of behavioral finance can help avoid errors and provide answers to important questions about saving and spending, portfolio construction, asset pricing, and market efficiency during tumultuous periods.

This is an archived recording of a live webinar that took place on 29 April 2020.