Delusions of Competence

The Near-Death of Lloyds of London 1970--2002

Autori

• Robin Pearson

Parametri

• 148 pagine
• 6 ore di lettura

• Business & Management
• Temi psicologici

Maggiori informazioni sul libro

The examination of the Lloyd's of London crisis reveals how rapid structural changes nearly dismantled the historic insurance market. Unlike typical financial service collapses, this situation stemmed from a blend of catastrophic losses and poor governance, compounded by a public and political misdiagnosis. The author employs insights from behavioral economics to highlight the role of arrogance and entrenched beliefs in self-regulation, leading to ineffective reforms. This analysis underscores the critical need for transparency and accountability in financial institutions, making it valuable for scholars and students across various disciplines.

Lingua: Inglese

Pubblicato: 2022

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