In pictures: Inaugural lecture with Professor Kasper Meisner Nielsen

The Department of Finance at CBS and the Danish Finance Institute co-hosted the Inaugural lecture with Prof. Kasper Meisner Nielsen on May 16, 2019, where CBS President Nikolaj Malchow-Møller participated as well.

The lecture was on: The power of personal experiences in household finance

Abstract
In the aftermath of the financial crisis, it seems appropriate to ask how negative personal experiences during the crisis will affect households’ behavior and decision-making in financial markets. Personal experiences derive from exposure to lost investments or from exposure to salient cases of financial misconduct, both featuring prominently in the crisis period.
In this lecture, Professor Kasper Meisner Nielsen will draw on insights based on administrative register data from Denmark that details how individuals’ personal experiences affect their behavior and decision-making in financial markets. The lecture will provide insights on the following questions:

• Are personal experiences with lost investments so powerful that they make individuals actively shy away from risk?
• Do individuals have to feel the pain themselves, or are common shocks enough to make individuals actively reduce their exposure to risky assets?
• Can personal exposure to financial misconduct explain the rise in white-collar crime?
• Do salient cases of financial misconduct in financial institutions contribute to the observed 40% rise in white-collar crime among individuals?

You can see a few pictures from the event here.

Foto by: Sofia Busk Hansen
Kasper Meisner Nielsen before the lecture

Foto by: Sofia Busk Hansen
Kasper Meisner Nielsen giving his lecture - DFI chairman of the board Peter Rostrup-Nielsen can be seen to the right

Foto by: Sofia Busk Hansen

Kasper Meisner Nielsen in front of the audience. CBS President Nikolaj Malchow-Møller gave a speech before the lecture and can be seen to the left.

Foto by: Sofia Busk Hansen