Behavioural Finance as a Methodological Approach for Historians? A Field Report Concerning the Construction of the Canal of Corinth in Nineteenth-Century Greece
K. Schönhärl, in: K. Schönhärl (Ed.), Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, Springer International Publishing, Basingstoke, 2017, pp. 293–313.
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| English
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Schönhärl, Korinna
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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
Publishing Year
Book Title
Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century
Page
293-313
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Cite this
Schönhärl K. Behavioural Finance as a Methodological Approach for Historians? A Field Report Concerning the Construction of the Canal of Corinth in Nineteenth-Century Greece. In: Schönhärl K, ed. Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century. Springer International Publishing; 2017:293-313. doi:10.1007/978-3-319-42076-9_13
Schönhärl, K. (2017). Behavioural Finance as a Methodological Approach for Historians? A Field Report Concerning the Construction of the Canal of Corinth in Nineteenth-Century Greece. In K. Schönhärl (Ed.), Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century (pp. 293–313). Springer International Publishing. https://doi.org/10.1007/978-3-319-42076-9_13
@inbook{Schönhärl_2017, place={Basingstoke}, title={Behavioural Finance as a Methodological Approach for Historians? A Field Report Concerning the Construction of the Canal of Corinth in Nineteenth-Century Greece}, DOI={10.1007/978-3-319-42076-9_13}, booktitle={Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century}, publisher={Springer International Publishing}, author={Schönhärl, Korinna}, editor={Schönhärl, Korinna}, year={2017}, pages={293–313} }
Schönhärl, Korinna. “Behavioural Finance as a Methodological Approach for Historians? A Field Report Concerning the Construction of the Canal of Corinth in Nineteenth-Century Greece.” In Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, edited by Korinna Schönhärl, 293–313. Basingstoke: Springer International Publishing, 2017. https://doi.org/10.1007/978-3-319-42076-9_13.
K. Schönhärl, “Behavioural Finance as a Methodological Approach for Historians? A Field Report Concerning the Construction of the Canal of Corinth in Nineteenth-Century Greece,” in Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, K. Schönhärl, Ed. Basingstoke: Springer International Publishing, 2017, pp. 293–313.
Schönhärl, Korinna. “Behavioural Finance as a Methodological Approach for Historians? A Field Report Concerning the Construction of the Canal of Corinth in Nineteenth-Century Greece.” Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, edited by Korinna Schönhärl, Springer International Publishing, 2017, pp. 293–313, doi:10.1007/978-3-319-42076-9_13.
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