Exchange Currency

disaster myopia

Lenders' habits of overlooking possible shocks that could produce hefty losses if a long time has gone by since a shock last took place.

Related information about disaster myopia:
  1. What is disaster myopia? definition and meaning
    Definition of disaster myopia: Lenders' habits of overlooking possible shocks that could produce hefty losses if a long time has gone by since a shock last took ...
     
  2. Financial Follies: Disaster myopia: floods and financial crises
    Jan 23, 2011 ... This is a classic example of what economists and psychologists call "disaster myopia" -- the tendency of people to greatly underestimate the ...
     
  3. The 2007-2008 Financial Crisis: Is There Evidence of Disaster - SSRN
    Oct 14, 2011 ... The disaster myopia hypothesis is a theoretical argument that may explain why crises are a recurrent event. Under very optimistic ...
     
  4. Market Pipeline: Banks and disaster myopia
    Mar 9, 2008 ... The availability and threshold heuristics together cause “disaster myopia,” the tendency over time to underestimate the probability of ...
     
  5. Risk Off - paper by Andrew Haldane - Bank of England
    Aug 18, 2011 ... One potent psychological factor is disaster myopia. Psychologists know from ... These often arise from disaster myopia, as drivers systematically ...
     
  6. Richard Pzena First Quarter Letter: Disaster Myopia and Cycles of ...
    May 8, 2012 ... Recovery in investor sentiment takes time after traumatic events. We examine the causes of Disaster Myopia and how it creates opportunities ...
     
  7. Overcoming our disaster myopia in Haiti - Washington Post
    Jan 19, 2010 ... We tend not to plan for devastating events, like Haiti's earthquake, and then our emotionally driven response is short lasting. Here are four ...
     
  8. Disaster Myopia and other causes of banks' problems « The ...
    Feb 16, 2009 ... Andrew Haldane, Executive Director for Financial Stability, Bank of England diagnoses the failure of bank stress tesing in this speech given at ...