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Behavioural Bias and rules of thumb in financial decision making

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Lecture Theatre G34

Manchester Metropolitan University Business School

All Saints

Manchester

M15 6BH

United Kingdom

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Using the example of pension saving, Dr Richard Whittle of Manchester Metropolitan University will explain relevant behavioural drivers of financial decision making and develop insights for policy, including how rules of thumb can be harnessed to improve outcomes.

Parallels can be drawn with compliance strategy and rules of thumb may be used to increase tax responsibility outside the PAYE scheme.

This seminar, including time for subsequent questions, will take place in the London offices of HMRC and will be repeated at Manchester Metropolitan University Business School on

Thursday 30 November at 5:00 p.m. to 7:00 p.m. in Lecture Theatre G34

This Eventbrite page is for the Manchester session.

The schedule of the evening is as follows:

5:00 p.m. Arrival and registration

5:30 p.m. Dr Whittle: “Behavioural Bias and rules of thumb in financial decision making –

implications for policy.”

6:30 p.m. Q&A

Dr Richard Whittle is a Research Fellow in Behavioural Economics at Manchester Metropolitan University; and he also holds Visiting Research Fellowships at the University of Gothenburg and at the University of Leeds. Dr Whittle is a recognised expert in behavioural macro-econometrics, and is a fellow of the Institute of Place Management and the Higher Education Academy. Richard is a Chartered Member of the Banking Institute, and holds a PhD in Economics from the University of Keele. His principal research interests lie in economic policy and experimental economics - in particular the development of models for forecasting financial crisis and regulation incorporating behavioural science. These are applied to policy, consumer protection and decision-making.

Currently, Richard is working on an international research project in risk profiling in collaboration with the University of Gothenburg, and contributing to the H2020 (€2.5m) INNOSI projects and leads on the Behavioural Economics, Compliance and Policy unit in HMRC’s MSc Taxation & Fiscal Policy. Richard has published in the Journal of Mathematical Finance, Business and Management Horizons and the International Journal of Green Economics; as well as co-authoring the well-received CIPD Literature Review concerning Behavioural Science and Reward. For a copy click here. Recently, Richard contributed to an evidence review for MAS, Financial Rules of Thumb: A review of its evidence and implications, available here and contributed to the Industrial Strategy and Key Cities: An evidence review focusing on selected industrial sectors available here.

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Date and Time

Location

Lecture Theatre G34

Manchester Metropolitan University Business School

All Saints

Manchester

M15 6BH

United Kingdom

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