Book Launch - The Financial Consequences of Behavioural Biases - An Analysis of Bias in Corporate Finance and Financial Planning

This book provides a concise analysis of behavioural biases and their implications for financial decision making. The book is written in the normative tradition, arguing strongly for the superiority of behavioural finance with respect to explaining observed phenomena in financial markets. It offers some unique features, including a discussion of the issue of conspiracy theory and how behavioural biases lead to belief in conspiracy theories. Lingering belief in the principles of neoclassical finance is attributed in part to the doctrine of publish or perish, which dominates contemporary academia. The offshoots of behavioural finance are discussed in detail, including ecological finance, environmental finance, social finance, experimental finance, neurofinance, and emotional finance. A comprehensive discussion of narcissism is presented where it is demonstrated that narcissistic behaviour is prevalent in the finance industry and that it led to the eruption of the global financial crisis.

 

About the Authors

Imad A. Moosa is Professor of Finance at RMIT University, Australia. Before coming to academia, he worked in investment banking for a period of ten years. He has published extensively in both economics and finance.

Vikash Ramiah is Associate Professor of Finance at the University of South Australia. He has published extensively in behavioural and environmental finance, and he is a research fellow for the Institute of Global Business and Society, TH Köln, and Tianjin Academy of Environmental Sciences.

 

Date: Monday 18th of December 2017

Time: 3:00pm-6:00pm

Location: Trading Lab (Ground Level, Yugondi Building, City West Campus).

 

For any further information and enquiries please contact CMR-Research@unisa.edu.au

THE FUTURE OF AUSTRALIAN ENERGY: A SYMPOSIUM

Renewables, Affordability and Reliability: What is the Future of Energy in Australia?

The affordability and reliability of Australia’s energy supply has become a dominating topic in politics, business and even at home barbeques.

Rising retail and wholesale electricity prices; blackouts; load shedding; power plant closures; policy uncertainty and industry disruption have driven this national discourse. 

  • What is the role of renewables?
  • How to secure future electricity supply?
  • Are conventional sources of generation more reliable than renewables?
  • Are the institutional arrangements and oversight of the electricity market effective and are they efficient?
  • What are the immediate and longer term ‘solutions’?
  • What are the state interest and opportunities vis-à-vis national interest and opportunities?

These questions are particularly salient in South Australia, where the State Government has initiated an Energy Plan to try to ensure supply.

The University of South Australia Business School, SA Power Networks and the Australasian Agricultural and Resource Economics Society have joined forces to create a symposium to candidly discuss the issues, solutions and opportunities.  Participants will hear from leading international and national experts including:

  • Audrey Zibelman, Australian Energy Market Operator
  • Danny Price, Frontier Economics
  • Tony Wood, Grattan Institute
  • David Prentice, Principal Economic Advisor, Infrastructure Victoria
  • Mark Vincent, Manager Network Strategy, SA Power Networks
  • Charlie Grover, PWC
  • Tim Nelson, AGL
  • Alan Moran, Regulation Economics
  • Deloitte (Speaker to be confirmed)
  • SANTOS (Speaker to be confirmed)

The forum is specifically for industry, policy makers and academics working in energy.

Event Details:

When: Tuesday, 6 February 2018

Time: 10:30am - 5:00pm

Registration: $150 per person (Register here for Pre-conference Workshop 2)

Where: Adelaide Convention Centre, North Terrace, Adelaide, SA, 5000 [view map] Dr Rajabrata Banerjee (rajabrata.banerjee@unisa.edu.au)

 

 

 

Research Seminars

The Centre for Sustainability Governance Seminars provide an opportunity for national and international colleagues to present their work, as well as engage in directed discussions about ongoing research projects and the research agenda of the school as a whole.

Our seminars are also an opportunity for our academic staff and research degree students to present their research in progress. 

If you are interested in attending or presenting a seminar, please contact us at csg@unisa.edu.au