Behavioral Economics and Behavioral Finance Manifesto

Steve Shu Consulting

In this post, I want to share my thoughts on design values related to behavioral economics and behavioral finance (which going-forward in this post I’ll simply refer to as behavioral science for brevity). With that as backdrop, here’s my Behavioral Economics and Behavioral Finance Manifesto (much like I did with my Management Consulting Manifesto back in 2011 ). Behavioral Economics General Management Innovation Behavioral Finance Behavioral Science Nudge

Finding Virtue in the Finance Industry

Harvard Business

Economics & Society Finance & Accounting Ethics Digital ArticleYou can do well and do good.

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Podcast Interview on 401(k) Plans and Behavioral Finance Trends

Steve Shu Consulting

Save(d) by Design Loss Aversion Calculator (personalized finance tool) Personalized Pension statement Personalized video technology with live action Thanks to Rick Unser for having me recently on his 401(k) Fridays podcast. This interview is geared toward defined contribution plan sponsors and those closely related with this segment of the market (e.g., advisors, consultants, recordkeepers, investment only).

Four Ways CFOs Should Prepare for the Future of Finance - SPONSOR CONTENT FROM WORKDAY

Harvard Business

Corporate finance Sponsor ContentSponsor content from Workday.

The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

In this webinar, Spencer Falbo, principal at Kong Basile Consulting will teach you how Spend Management can help to automate many of your processes, making your job as an accountant more efficient.

Managing Shareholders in the Age of Stakeholder Capitalism

Harvard Business Review

Finance and investing Corporate finance Entrepreneurial financing Private equity Venture capital Venture funding Angel financing Economics Economic systems Digital ArticleHow to identify and attract investors who will support your long-term, stakeholder-focused plans.

A Primer on Restructuring Your Company’s Finances

Harvard Business

Financial management Reorganization Finance & Accounting Business law Digital ArticleUnderstand your options, both in and out of court.

Disrupting Finance

Harvard Business

Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win. Disruptive innovation Technology Managing organizations Audio

Disrupting Finance

Harvard Business

Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win. 3392 1585 105786 110003

Banking without Banks: Decentralized Finance is Coming

Harvard Business

Transparency and trust are at the core of the decentralized finance revolution. Currency Economics Technology Audio

To Maximize Growth, Get Sales and Finance in Sync

Harvard Business

Sales Managing organizations Finance & Accounting Digital ArticleFour strategies to reduce friction between these sometimes reluctant partners.

The Digital Revolution in Trade Finance

BCG

Revenues from trade finance now total approximately $50 billion a year. Simultaneously, regulation is making trade finance more costly to supply. To succeed in this challenging and uncertain environment, banks’ trade finance offerings must be agile, low cost, and valued by customers despite the growing availability and safety of alternatives to documentary trade. Part of the answer lies in the digital revolution unfolding in trade finance.

Bitcoin and the Future of Decentralized Finance

Harvard Business

Cryptocurrencies are fueling the emergence of decentralized finance. What is it, how does it work, and who will benefit? Currency Disruptive innovation Technology Audio

Is Corporate Venture Capital Right for Your Startup?

Harvard Business Review

Entrepreneurship Entrepreneurial finance Start-ups Corporate finance Venture capital Digital ArticleHow entrepreneurs can decide whether to pursue corporate funding, and if so, which CVC to pick.

Setting Your Annual Budget Amid Economic Uncertainty

Harvard Business Review

Budgets and budgeting Corporate finance Finance and investing Digital ArticleFour steps to prepare your company — before it’s too late.

Why Finance Needs More Humanity, and Why Humanity Needs Finance

Harvard Business

Mihir Desai, professor at Harvard Business School and Harvard Law School, argues for re-humanizing finance. He says the practice of finance, with increasing quantification, has lost touch with its foundations. But he says finance can be principled, ethical, even life-affirming. Desai is the author of the new book, The Wisdom of Finance: Discovering Humanity in the World of Risk and Return. He also writes about finance and the economy for hbr.org.

Why CFOs and Their Tax and Finance Teams Are Playing an Increasingly Strategic Role - SPONSOR CONTENT FROM DELOITTE

Harvard Business

Finance & Accounting Leadership Sponsor ContentSponsor content from Deloitte.

How Deloitte Is Helping Companies Bring Their Finance Functions Into the Future - SPONSOR CONTENT FROM DELOITTE

Harvard Business

Finance & Accounting Sponsor ContentSponsor content from Deloitte.

Car Deals: Must Be Subprime, Must Finance Through Chrysler Capital

MishTalk

The fine print is rather amusing: Must be subprime and must finance through Chrysler Capital. Reader Bian emailed an ad for huge discounts on cars. more…). Economics

China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. Most assume China can grow at 7% a year, a notion that I have challenged on many occasions. Morgan Stanley agrees. Please consider Morgan Stanley: China''s Minsky Moment is Here.

What Skeptics Get Wrong About Crypto’s Volatility

Harvard Business Review

Blockchain Technology and analytics Finance and investing Entrepreneurial finance Digital ArticlePrice swings signal important information to investors — and build previously unseen levels of transparency into the system.

How CIOs and CFOs Can Transition to New Finance and Budgeting Processes That Support Innovation - SPONSOR CONTENT FROM DELOITTE

Harvard Business

Innovation Finance & Accounting Sponsor ContentSponsor content from Deloitte.

Speculative Financing in Technology Companies Strikes Again

MishTalk

The last bubble is seldom reblown, but what about bubbles twice removed? In what seems like a reply of 2000, … Continue reading → Economics

How Blockchain Is Changing Finance

Harvard Business

The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. Our global financial system moves trillions of dollars a day and serves billions of people. But the system is rife with problems, adding cost through fees and delays, creating friction through redundant and onerous paperwork, and opening up opportunities for fraud and crime.

How Today’s More Agile Financial Services Sector Is Helping Employers Maintain a Competitive Edge - SPONSOR CONTENT FROM CHASE

Harvard Business Review

Finance and investing Sponsor ContentSponsor content from Chase.

Is Your Family Office Built for the Future?

Harvard Business Review

Family businesses Finance and investing Digital ArticleFive critical decisions to set it up for long-term success.

4 Business Ideas That Changed the World: Trailer

Harvard Business Review

Business history Disruptive innovation Emotional intelligence Corporate finance AudioA series of conversations on influential management ideas from HBR’s first 100 years.

Michael Pettis Calls Surplus Trade Statements by German Finance Minister “Utter Lunacy”

MishTalk

A few days ago I pinged global trade expert Michael Pettis with my post Germany’s Finance Minister Blames ECB For … Continue reading → Economics

3 Ways to Bring Flexibility to Budgeting

Harvard Business Review

Budgets and budgeting Economic cycles and trends Finance and investing Digital ArticleEasy steps you can take today to craft a more agile process.

Agile 80

Finance and HR: The Executive Partnership That Transformed a Company

Strategy+Business

The relationship between a chief financial officer (CFO) and chief human resources officer (CHRO) can turn a company around. Between them, they control the major sources of capital available to a company: human, financial, and often information technology. One such collaboration took place at McGraw-Hill Companies starting in 2011, between CHRO John Berisford and CFO Jack Callahan.

New Course for Spring 2022: Applied Behavioral Economics in Finance (AEM 6150)

Steve Shu Consulting

The Case for Investing in Underdogs

Harvard Business Review

Finance and investing Business failures Financial performance measurement Venture capital Digital ArticleDon’t undervalue the overlooked.

Do You Know How Much Your Business Is Worth?

Harvard Business Review

Mergers and acquisitions Corporate finance Financial analysis Digital ArticleSmaller, privately held firms should conduct a detailed valuation at least once a year. Here’s how.

Message to New and Prospective Students for Applied Behavioral Economics in Finance and Marketing (AEM 6150 – Spring 2022)

Steve Shu Consulting

Welcome to Applied Behavioral Economics in Finance and Marketing (AEM 6150)! The course is especially geared toward students who may consider future professions in consumer finance, marketing, product development, data science, or consulting/advisory.

Germany’s Finance Minister Blames ECB For German Trade Surplus; Why the Eurozone Will Destruct

MishTalk

Fireworks are going off in Germany again in yet another battle between Wolfgang Schaeuble, Germany’s finance minister, and the ECB. Schaueble … Continue reading → Economics

Why Executives Should Start Acting Like Activist Investors

Harvard Business Review

Budgets and budgeting Corporate finance Digital ArticleTo stay competitive, companies need to be able to shift how they allocate capital in response to changing business conditions.

How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. Even if you don’t need to know a lot about finance to do your day-to-day job, the more conversant you are on the subject, the better off you’ll be, according to Richard Ruback, a professor at Harvard Business School and the coauthor of the HBR Guide to Buying a Small Business. Stop avoiding finance because you’re afraid of numbers. “Finance and accounting are very simple.

Is Your Business Ready for More Transparent Taxes? - SPONSOR CONTENT FROM DELOITTE

Harvard Business Review

Accounting Finance and investing Sponsor ContentSponsor content from Deloitte.

How Philanthropists Can Diversify Their Grantmaking Portfolios

Harvard Business Review

Investment management Nonprofit organizations Philanthropy Finance and investing Digital ArticleIt’s about creating a balance of grant types, categorized by operations, growth, and risk.

Restoring Shareholder Confidence When Your Stock Is Down

Harvard Business Review

Financial markets Business management Crisis management Financial crisis Finance and investing Digital ArticleWith an aggressive but thoughtful approach, it’s possible to survive a downturn — and even emerge stronger.