Description
Topic: “Managerial behavioural biases in financial institutions have been one of the main causes of the global financial crisis (2007 – 2009).” Using the concepts of risk aversion, loss aversion, information asymmetry and heuristics, critically discuss this statement while giving practical examples and utilising real-life case studies.
Extra information:
1) A maximum word count (1,500 word). 10% tolerance
2) The references must be used only from reliable sources such as books, journals and the textbooks (from Google Scholar, Jstor and etc.)
3) The overall word count includes: citations and quotations, headings and subheadings
The overall word count excludes:
1) The references or bibliography at the end of the coursework
2) Figures and tables (only if they contain numbers or stats)
3) Appendices (do not use them unless necessary; they are not marked!)
4) Don’t write a long introduction. In particular, there’s no need to introduce basic concepts (risk etc) unless they’re critical
5) Up-to-date materials are prioritised and are urged to be used rather than outdated materials
There is no need to define what is information asymmetry, heuristics, loss aversion, risk aversion. We were told to consider this information to be already acknowledged by professor, so we don’t waste number of words on definition of simple terms.
Also, when it will come to heuristics, only choose and compare with each other, two heuristics from seven (Affect Heuristi, Availability Heuristic, Representativeness Heuristic, Anchoring Heuristic, Hindsight Bias, Desire for Certainty and Illusion of Control)
You can also consider discussing pros and cons of risk aversion; causes and effects of information asymmetry, comparing two heuristic, pros & cons of managerial incentives etc. Most important is that the discussions are not just descriptive where students only define and describe things without digging dip into things by critically discussing given statement while giving practical examples and utilising real-life case studies.
1) Add headings and subheadings (Introduction, risk aversion and etc.) of risk concepts (risk aversion, loss aversion, information asymmetry, and heuristics) so the structure of an essay is clear
2) Manually check references and its contents, make sure those are scholar references as mentioned in paper details
3) Please discuss the topic statement while giving practical examples utilising real-life case studies for each risk concept
4) Make sure there is enough real-life case studies and practical examples of insurance firms, banks and etc within each risk concept. You can also provide statistical insight.
5) Add minimum 15 references but if you feel like more are needed, add as much as you need and follow the paper details and topic statement.
6) Within information asymmetry concept discuss either adverse selection or moral hazards based on the topic sentence (by critically discussing this statement while giving practical examples and utilising real-life case studies.)
