Meir Statman is pioneering the second generation of behavioral finance that describes investors as “normal,” focused on satisfying wants such as increasing wealth, avoiding poverty, nurturing children and family, gaining high social status, and being true to their values.
In this Office Hours webcast, we have a conversation with Meir about his research and the impact it has had on so many advisors and investors.
Meir’s journey from standard finance to the first and second generations of behavioral finance
His views on “normal” investors and how they differ from both “rational” and “irrational” one
What he is most excited about and working on today