Global finance as a politicized habitat

2017 ◽  
Vol 19 (2) ◽  
pp. 267-297 ◽  
Author(s):  
William Kindred Winecoff
Keyword(s):  
Financial Markets ◽  
Risk Taking ◽  
Financial Regulation ◽  
Theoretical Argument ◽  
Global Finance ◽  
Agent Model ◽  
The Public ◽  
Preferred Habitat ◽  
Micro Level ◽  
Risk Taking Behaviors

AbstractPredominant models of financial regulation based on representative agents—in both the public interest and public choice traditions—assume that competitive pressures in financial markets undermine prudential behavior by firms in the absence of regulation. One empirical expectation of these models is behavioral: firms should adjust their risk-taking behaviors in response to the regulatory environment they face but should not over-comply with regulations. That is, the central tendency of bank behaviors should hew closely to regulatory minima and the variance should be small. I first demonstrate that this expectation is not borne out by the empirical record and then advance a theoretical argument that does not rely on a representative agent model. I argue that firms face a range of incentives from markets and governments that condition their risk-taking behaviors, and firms choose a “preferred habitat” within a market structure. Some of these incentives are towards greater risk-taking, while others are in the direction of greater prudence. This framework provides opportunities for examining financial market actors in a realistic context, and offers ways to unify micro-level and structural analyses of the political economy of global finance.

Ice Princess

Diva Nation ◽  
2018 ◽  
pp. 185-202
Author(s):  
Masafumi Monden
Keyword(s):  
Risk Taking ◽  
Personal Life ◽  
Professional Performance ◽  
The Public ◽  
Public Persona ◽  
The World ◽  
Dramatic Narrative ◽  
Strong Woman ◽  
Risk Taking Behaviors

Asada Mao’s life recounts a dramatic narrative of suffering and triumph. It follows a girl considered beautiful during her meteoric rise to skating stardom, a period of hardships she confronts tacitly, and the performance of her life at the 2014 Olympics that touched many around the world. This chapter reconsiders Asada’s public persona as a diligent athlete and as the good girl-next-door who speaks with a smile. Asada seems to embody an ideal Japanese young womanhood. Behind this innocent persona, however, is a strong woman with a fierce commitment to her professional performance and audiences and with a skillful way of concealing her personal life from the public eye. This chapter argues that Asada is a diva who captures the heart of people with her extraordinary looks, artistry, and athletic talents—a diva whose spectacular performances and risk-taking behaviors always excite audiences and whose good-girl persona may be her greatest performance of all.

scholarly journals Comment on “Effects of Acetaminophen on Risk Taking”

2021 ◽  
Author(s):  
Jennifer A Ross ◽  
Christopher P Holstege
Keyword(s):  
Risk Taking ◽  
Perceived Risk ◽  
Controlled Experiments ◽  
Research Results ◽  
The Public ◽  
Increased Risk ◽  
Risk Taking Behaviors

Abstract The article by Keaveney et al. entitled “Effects of acetaminophen on risk taking” was published in July of 2020 and concluded that using acetaminophen increased risk taking behaviors, potentially by reducing perceived risk. We believe there is not enough data to support the generalization of this association, and feel the conclusions were presented without acknowledgement of the limitations of this study. Media articles often further dramatized these findings, presenting the potential correlation between acetaminophen and risk taking as fact. It is unfair to readers to sensationalize the associations seen in controlled experiments in an attempt to generalize the study’s findings. As scientists, we need to assure that the discussions and conclusions presented in publications appropriately highlight the limitations of studies. We must also work to assure that the public does not sensationalize preliminary and limited research results.

scholarly journals NULLIUS IN VERBA: SCIENCE VS PSEUDO-SCIENCE/FRINGE SCIENCE

2021 ◽  
Vol 20 (4) ◽  
pp. 524-527
Author(s):  
Boris Aberšek
Keyword(s):  
Social Media ◽  
Global Warming ◽  
Risk Taking ◽  
Internet Use ◽  
Environmental Problems ◽  
Public Response ◽  
The Public ◽  
Ecological Problems ◽  
Risk Taking Behaviors

The explosion of disinformation about global warming and other ecological problems could be called an infodemic , which is the term used by WHO to describe today’s pandemic situation. An infodemic means too much information, however, its importance can also be passed on to environmental problems. It causes confusion and risk-taking behaviors that can harm the health of our planet. It also leads to mistrust in authorities and undermines the public response. An infodemic can intensify or lengthen outbreaks when people are unsure about what they need to do, for example, to protect our environment. With growing digitization – an expansion of social media and internet use – information can spread more rapidly. This can help to more quickly fill information voids but can also amplify harmful messages.

On the Frontier of The Empire of Chance: Statistics, Accidents, and Risk in Industrializing America

2005 ◽  
Vol 18 (3) ◽  
pp. 337-357 ◽  
Author(s):  
Arwen Mohun
Keyword(s):  
Risk Taking ◽  
Point Of View ◽  
Modern Life ◽  
Public Language ◽  
The Public ◽  
Rhetorical Devices ◽  
Graphic Representations ◽  
Scientific Endeavor ◽  
Risk Taking Behaviors ◽  
Scientific Standards

In The Empire of Chance, historians of science Gigerenzer et al. argue that statistical thinking has been “second to no other area of scientific endeavor” in its influence on “modern life and thought” (Gigerenzer et al. 1989, xiv-xv). This article describes how quantitative descriptions of risk associated with industrialization and technological change became part of the mentality of ordinary Americans. It explains why Americans began counting accidents, tells what kinds of accidents they counted and how they counted them, and shows how statistical representations of risk were used to justify prescriptions for public policy and individual behavior. On this frontier of the empire of chance, safety experts and self-styled “practical statisticians” were the principal colonizers. Distant from the centers of academic statistical science, they compromised rigorous scientific standards of methodology and accurate prediction in order to make convincing arguments outside their circles of expertise. To convey their point of view to audiences who were not literate in the field of statistics, they created a public language that conveyed statistical ideas through metaphors, graphic representations, and other rhetorical devices. They also engaged non-experts in collecting and analyzing data and, by the 1920s, even used quantitative self-measurement as a device to convince members of the public to alter their own risk-taking behaviors.

The financialization of local governments—the case of financial rationality in the management of Norwegian hydroelectric utilities

2018 ◽  
Vol 18 (3) ◽  
pp. 725-743 ◽  
Author(s):  
Tomas Hostad Løding
Keyword(s):  
Public Sector ◽  
Financial Markets ◽  
Cultural Change ◽  
Local Governments ◽  
World Economy ◽  
Structural Changes ◽  
Financial Capital ◽  
Global Finance ◽  
The Public ◽  
Market Practices

Abstract Research on the diminishing distance between global financial markets and traditional nonfinancial actors has increased dramatically over the last decade, most commonly captured in the notion of ‘financialization’. This literature has largely been preoccupied with a confluence of structural changes in the state and in the economy that advance the power and scope of financial capital. However, scholars have also provided evidence for cultural change in the framework in which people think about finance and property. Despite the fact that governments have increasingly engaged in heterodox financial market practices, this culturalized analysis has not yet been extended to the public sector. Based on interview data from Norwegian municipal owners of hydroelectric utilities, this article suggests that a rationality attuned to a financialized world economy is disseminating into public sector management. The article concludes by discussing what this means in a sector traditionally governed by a logic rather alien to that of global finance.

Risk-Taking Behaviors in Adolescents

1999 ◽  
Author(s):  
Kristin M. von Ranson ◽  
Susan L. Rosenthal
Keyword(s):  
Risk Taking ◽  
Risk Taking Behaviors

Peran Bank Syariah: Menuju Perekonomian Masyarakat Madani

2019 ◽  
Vol 1 (2) ◽  
pp. 131-144
Author(s):  
Dini Maulana Lestari ◽  
M Roif Muntaha ◽  
Immawan Azhar BA
Keyword(s):  
Financial Markets ◽  
Islamic Law ◽  
Financial Service ◽  
Islamic Banks ◽  
Free Society ◽  
The Public ◽  
Turn On ◽  
The People ◽  
Strategic Role

Islamic banks are present in the community as financial institutions whose activities are based on the principles of Islamic law for the benefit of the people. This study aims to determine the strategic role of Islamic Banks as financial service institutions, the importance of the existence of Islamic Banks and Islamic-based markets and financial instruments in them. In its development, Islamic banks have a role as institutions that turn on public funds, channel funds to the public, transfer assets, liquidity, reallocation of income and transactions. In the Indonesian economic system, the existence of Islamic Banks is important as an alternative solution to the problem of conflict between bank interest and usury. Islamic financial markets and instruments provide a free society of interest and follow a different set of principles. Distribution of profit/ loss according to evidence of participation in the management fund. The division of rental income in the form of musharaka.

Adolescents’ Future Negative Time Perspective and Risk-Taking Behaviors: The Roles of Coping Styles and Self-Control

2020 ◽  
Author(s):  
Kai Dou ◽  
Ming-Chen Zhang ◽  
Yue Liang
Keyword(s):  
Risk Taking ◽  
Time Perspective ◽  
Longitudinal Design ◽  
Coping Styles ◽  
Future Time Perspective ◽  
Self Control ◽  
Total N ◽  
Negative Coping ◽  
Risk Taking Behaviors ◽  
Negative Time

The association between future time perspective and risk-taking behaviors has received extensive empirical attention. However, the underlying mechanism that links future negative time perspective to risk-taking behaviors are complex and not well-understood. To address this gap, we adopted a longitudinal design examined the association between FNTP and risk-taking behaviors, and the roles of coping styles and self-control in this association among Chinese adolescents (total N = 581, 46.3% females). Results showed that FNTP at wave 1 predicted risk-taking behavior at wave 3 via positive and negative coping styles at wave 2. Furthermore, adolescents with low self-control and used negative coping strategies prefer to engage in risk-taking behaviors as compared to their high self-control counterparts. Taken together, these research findings underscore the importance of considering influence of the future negative time perspective on adolescents’ risk-taking behaviors, and provided important implications for developing the preventions and interventions for reducing adolescents’ risk-taking behaviors.

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