In recent years, bank regulators have looked to behavioral science to better assess conduct norms, propensities and risks among firms.
Compendium
Jun 11, 2024Evolutionary biology's latest findings suggest a revised understanding of adaptability and feedback loops, relevant to human behavior and policy-making on behavioral risk. This 'new biology' underscores humanity's unique cultural and social dynamics, emphasizing the evolutionary significance of cultural inheritance. Recognizing humans as active agents shaping their evolution through cultural norms is crucial for developing comprehensive risk-management strategies.
by Amy Edmondson, Stephen Scott, Paul Seabright
Compendium
Jun 11, 2024by Stephen Scott, Jamie Fiore Higgins, Elizabeth Broderick
Compendium
Jun 11, 2024Compendium
Jun 11, 2024The UN and industry experts recognize that behavioral science, despite challenges, can enhance policymaking, governance, and management. Behavioral science helps identify barriers and enablers in human behavior to design effective interventions. The Dutch central bank highlights its role in managing behavioral risk, viewing organizations as social systems with formal and informal behavioral drivers crucial for improving supervisory efficacy.
