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Falling Walls Science Breakthroughs
Ulrike Malmendier: Breaking the Wall to Inflation
Falling Walls Foundation | Ulrike Malmendier
How Behavioural Economics Unveil the Human Dimension of Markets
Inflation, especially when experienced at high or unpredictable rates, gives rise to several significant economic issues. Firstly, it erodes the purchasing power of consumers, leading to a decrease in the overall standard of living. Fixed-income earners, such as retirees living on pensions, are particularly vulnerable as the real value of their income diminishes. Secondly, inflation can disrupt long-term planning and investment for both individuals and businesses. Uncertainty about future prices can discourage spending and investment, slowing down economic growth. Ulrike Malmendier is a professor of economics and finance at the University of California, Berkeley as well as a member of the Council of Economic Experts whose work focuses on behavioral economics, corporate finance, and law and economics.
At Falling Walls, Malmendier will explore a compelling analysis of the profound influence that personal experiences exert on our economic behaviors and future predictions. She investigates the ways in which the fear of inflation can become ingrained in our cognitive processes, shedding light on the neurological underpinnings of this phenomenon.
LIVE EVENT; AVAILABLE VIA LIVESTREAM FREE OF CHARGE FOR LOGGED IN USERS AND ATTENDANCE IN LECTURE HALL. RADIAL, GROUND FL. FOR SUMMIT PARTICIPANTS
Ulrike Malmendier is a member of the German Council of Economic Experts since September 2022. She is the Edward J. and Mollie Arnold Professor at the University of California at Berkeley and Professor of Economics at the Department of Economics and Professor of Finance at the Haas School of Business. Her research interests are corporate finance, behavioural economics/behavioural finance, economics of organizations, contract theory, law and economics, law and finance. Her research is published in leading journals including American Economic Review, Quarterly Journal of Economics, Journal of Finance and Journal of Economic Literature. She has earned numerous awards including the Fischer Black Prize of the American Finance Association (best finance researcher under 40), the Gustav-Stolper Prize of the German Economic Association, and the Bessel Prize of the Humboldt Foundation.
