Zara’s Space on the Web – Musings

April 10, 2009

“Risk – averse”

Filed under: Economics — zarazilla @ 7:27 pm

I’m starting to hear the words ‘Risk-averse’ a lot these days and I’m wondering how the recession we are (most of us) in has affected people’s risk perception? And how permanent is it? I recently read a comment to a blog post or article about Madoff which said “Now I know why old ladies hide all their money under their mattresses”.

So I’m wondering how this is affecting research in social sciences like economics? In about 10 years from now would researchers have to explain crazy data with recession anxiety? Would we still be seeing the effects in ten years, would data before the recession be significantly different to data after?

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