 Behavioural Finance as a Methodological Approach for Historians? A Field Report Concerning the Construction of the Canal of Corinth in Nineteenth-Century GreeceKorinna Schönhärl ()
A chapter in Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, 2017, pp 293-313 from Palgrave Macmillan Abstract: Abstract Historians investigating the risk perception of bankers and the decision-making processes in banks could consider the behavioural finance approach to investigate their sources. In this chapter, this is illustrated using a case study concerning the financing of the construction of a maritime canal at Corinth (1882–1893). It can be shown that the risk perception of the French bank Comptoir d’Escompte can be analysed following the model of Joseph A. Litterer. The bankers’ investment decision was influenced by two biases described by behavioural finance as ‘belief in experts’ and ‘overconfidence’. The analysis of the way these biases came about and worked allows banking, political and cultural history to be combined in a coherent narrative. Keywords: Risk Perception; International Capital; Decision Situation; Suez Canal; French Government (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-42076-9_13 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-42076-9_13 Access Statistics for this chapter More chapters in Palgrave Studies in the History of Finance from Palgrave Macmillan |
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