Worshipful Company of Actuaries sponsored lecture - Herd-like Behaviour and the Psychology of Market Bubbles - Colm Fitzgerald

3:00pm - 5:00pm / Wednesday 9th March 2016 / Venue: Lecture theatre 2 Life Sciences Building
Type: Lecture / Category: Research
  • 0151 795 0141
  • Suitable for: This annual lecture has been devised for students of actuarial mathematics and mathematics with finance and is also open to those working in the financial and actuarial sectors. Please note that after the lecture will be light refreshment reception where students will be able to mingle with the representatives from the Worshipful Company of Actuaries, lecturers and professionals from the insurance companies. For those who wish to claim CPD credit, a register of attendance will be taken.
  • Admission: Free
  • Book now
    • Add this event to my calendar

    Create a calendar file

    Click on "Create a calendar file" and your browser will download a .ics file for this event.

    Microsoft Outlook: Download the file, double-click it to open it in Outlook, then click on "Save & Close" to save it to your calendar. If that doesn't work go into Outlook, click on the File tab, then on Open & Export, then Open Calendar. Select your .ics file then click on "Save & Close".

    Google Calendar: download the file, then go into your calendar. On the left where it says "Other calendars" click on the arrow icon and then click on Import calendar. Click on Browse and select the .ics file, then click on Import.

    Apple Calendar: The file may open automatically with an option to save it to your calendar. If not, download the file, then you can either drag it to Calendar or import the file by going to File >Import > Import and choosing the .ics file.

Colm Fitzgerald will discuss methodologies that can be used to assess and manage various forms of risks related to group psychology, e.g. herd-like behaviour, financial market bubbles, etc. He will use the concept of the narrative, draw the distinction between a narrative and an analysis and will use this approach to define what he refers to as 'narrative risk'. He will look back at historical bubbles to point out what we can learn and what we cannot learn from them. He will also discuss probable current bubbles.

Colm is a Fellow of the Institute & Faculty of Actuaries and the Society of Actuaries in Ireland. He lectures in actuarial science in University College Dublin and is a member of the Education Board and the Board of Examiners of the Institute & Faculty of Actuaries. Previously, he spent most of his career working as a trader, finishing up as Head of Quantitative Trading in Bank of Ireland Global Markets. His research interests include the psychology of risk, trading models, the application of actuarial techniques in wider fields, applying classical thought and forestry.

Please register to attend.