How banks manage to sell complex financial products to households - Boris Vallée ©Fotolia - Zentangle

Households are notoriously unsophisticated investors, with low financial literacy; and yet, banks have managed to sell them billions of euros worth of particularly complex financial instruments. A new paper sheds light on the motives behind banks' marketing strategies, and shows that customers, who tend to seek unrealistic returns, might not be just innocent victims.

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An insightful study provides a response to the long-standing question of why people's creativity varies over time. It shows that the ability to generate new ideas is related to knowledge depth, knowledge breadth, and cognitive complexity (...)

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In a new study, Adrien Matray and Oliver Dessaint reveal that in the aftermath of hurricanes managers of nearby businesses tend to increase corporate cash holdings. This decision is irrational: the immediacy of the disaster makes the risk (...)

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What really causes crime? While sociologists talk about social factors (integration, conflict, inequality, control), economists say crime rates are more determined by the likelihood of being caught and convicted and the severity of (...)

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We all know the trouble with the banking system; like a house of cards, when something goes wrong the entire global economy comes crashing down. That’s certainly what happened in 2008, but could it still happen today? Do financial (...)

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