Dublin during the Covid-19 lockdown. Photo: Bryan Meade

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Debt, distress and behavioural finance: The post-pandemic world be marked by deep and long-lasting scars

The first behavioural and psychological studies into the impact of Covid-19 have begun to roll in, with metrics from savings accumulation to life satisfaction pointing to a more severe impact of the pandemic than cold financial data would suggest. This means that the response, too, should reach deeper and wider.

30th Jun, 2020 - 15 min read

From a behavioural economics point of view, the Covid-19 pandemic is a rich petri dish of data holding a promise of empirical insights nirvana. From our social behaviour point of view, it is a period of extreme uncertainty about the future, volatility of the present, and complexity of forward expectations that interrupts not only our past norms, but also threatens to distort our future ones. 

From business and policy perspectives, the pandemic is a major disruption – a shock to the well-established and relatively predictable modus operandi that touches all aspects of our organisational and institutional set ups. 

Psychological,...

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