Podcasts about oxford risk

42courses' Louise Ward interviews Greg Davies from Oxford Risk, an expert in behavioural investing and the brains behind our new upcoming course, Behavioural Investing. They talk about how Greg got into behavioural finance, the mental biases affecting financial choices, and why sustainable investing matters. Greg discuses how important it is for people to recognise their own biases and emotional responses when investing, plus a whole host of practical ways to make smarter financial decisions.Find out more about Greg at https://www.innovatefinance.com/profiles/greg-b-davies-phd/Find out more about 42courses at https://42courses.com

This is episode 75! And I'm thrilled to introduce my guest today. He is a true pioneer in the field of behavioural finance, Dr. Greg Davies. Greg is the Head of Behavioural Finance at Oxford Risk and has spent his career shaping how we understand investor psychology, financial decision-making, and the emotional complexities that come with managing money—especially in retirement. In this episode, we'll explore the behavioural traps that retirees often fall into, how to build financial resilience, and why understanding your own psychology is just as important as having a well-structured portfolio. Throughout our conversation, Greg and I explore the multifaceted aspects of retirement planning, emphasizing the importance of guaranteed income and its psychological benefits. We discuss how behavioural finance plays a crucial role in spending habits during retirement, the impact of inflation on purchasing power, and the distinction between risk and volatility in investment strategies. We also touch on future trends in retirement planning, particularly the potential need for and benefits of health insurance and a shift in focus from bequest to spending during retirement. Key Takeaways Greg Davis shares his journey from economics to behavioral finance. Behavioral finance combines psychology, economics, and finance. The importance of practical applications of behavioral science in finance. People often make poor financial decisions due to cognitive biases. Simplifying complex financial concepts is crucial for better decision-making. Emotional comfort plays a significant role in financial decisions. Retirement planning today is more complex than in previous generations. Technology can help simplify financial decision-making processes. Understanding personal values is essential for effective retirement planning. The removal of guaranteed income streams complicates retirement planning. Financial advisors often overlook the emotional aspects of retirement planning. Guaranteed income can alleviate fears of running out of money. Behavioral finance significantly influences spending habits in retirement. People with guaranteed income tend to spend more comfortably. Inflation poses a significant risk to retirement savings. Understanding the difference between risk and volatility is crucial for investors. Many retirees are too conservative with their investment strategies. Health insurance will become increasingly important in retirement planning. The focus of retirement planning is shifting from bequest to spending. Planning for retirement should consider both financial and emotional factors. Chapters 00:00 - Introduction to Greg Davis and His Journey 01:22 - The Intersection of Behavioral Science and Finance 05:45 - Building a Behavioral Finance Team at Barclays 10:53 - Understanding Behavioral Challenges in Retirement 21:57 - Navigating Retirement in a Complex World 29:50 - The Emotional and Financial Aspects of Retirement Planning 32:04 - The Role of Guaranteed Income in Retirement 36:16 - Behavioral Benefits of Guaranteed Income 40:05 - Real-Life Impacts of Guaranteed Income 44:23 - Inflation and Its Impact on Retirement Planning 48:37 - Understanding Risk vs. Volatility in Investments 57:27 - Future Trends in Retirement Planning Books & Authours Mentioned Nudge by Richard Thaler Misbeahving by Richard Thaler Thinking, Fast and Slow By Daniel Kahneman Research & Papers Referenced "A License to Spend" by David Blanchett, Michael Finke, and Wade Pfau The Jam Study (Choice Overload Study) by Shenna Lyengar and Mark Lepper Other Things to Note Oxford Risk Connect with Greg on LinkedIn Humans vs Retirement The Super Sunday Retirement Roundup Newsletter The Skill of Spending Money in Retirement Whitepaper The Humans vs Retirement Sketchstore Book in a Time For us to Chat About Your Retirement

Tune in to hear:Relative to all the other behavioral experts out there, what stands out about Greg and his work? How did he arrive at this unique point of emphasis?How has Behavioral Finance come full circle in recent years?What have been the biggest shifts in Behavioral Finance in the past decade? Also, how does he anticipate it might change in the decade to come?What can Behavioral Finance teach us about risk and how widely implemented are these learnings in the field today?How does Greg think about the problem of multiple risk preferences within a household?What is Greg's understanding of the role of emotion in financial decision making? When is it useful and when is it not?Where does Greg see Behavioral Science intersecting with AI as we move forward in finance?LinksGreg Davies on LinkedInOxford RiskConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion's PodcastsPower Your Growth with OrionThe Advisor Academy is Orion's free, continuing education platform for advisors where you can get CE credits on the go. To sign up for the platform, click here.Compliance Code: 2327-OAS-9/10/2024

Saving money is becoming increasingly hard. But spending is constantly on the rise. So how can we change our habits to have more money in the bank every month?In today's episode, Ziba and Raphy discover how retail environments are designed to part us from our hard earned money and talk about what psychology we can use to save more effectively. We take a deep dive into the world of consumer behaviour with Greg Davies, expert in applied behavioural finance and decision science, and Head of Behavioural Finance at Oxford Risk. We then listen in as Raphy sets two volunteers a challenge to shop for a Sunday lunch, one of them prepped with psychology and the other left to the mercy of subliminal messaging. How to Hack the Brain is brought to you by Cowry Consulting, part of the VCCP Group, an award-winning, global, tech-enabled behavioural science consultancy.Learn More at www.cowryconsulting.com Follow Ziba Goddard on LinkedInFollow Raphy March on LinkedinFollow Greg Davies on LinkedinThis episode was produced by Frankie Taylor, Rowan Bishop and Richard Willan.If you want to create a chart-topping podcast for your business or brand? Contact info@flamingo-media.co.uk to make it happen.

Novel AI Technology to Improve Risk Stratification of Patients Without Obstructive Coronary Artery Disease Undergoing CCTA: The Oxford Risk Factors and Non-Invasive Imaging (ORFAN) Study (AHA 2023)

Greg Davies of Oxford Risk is a specialist in applied behavioral finance and decision science. He founded the banking business's first behavioral finance team at Barclays in 2006, which he led for a decade. In additional to being a frequent speaker on the subject, Davies runs “behavioral wine tasting events” with wine master John Downes. (02/2024)

Greg Davies of Oxford Risk is a specialist in applied behavioral finance and decision science. He founded the banking business's first behavioral finance team at Barclays in 2006, which he led for a decade. In additional to being a frequent speaker on the subject, Davies runs “behavioral wine tasting events” with wine master John Downes. (02/2024)

This week, Peita is joined by Dr. Greg Davies and Bianca Kent from Oxford Risk. They take a look at Oxford Risk's behavioural finance software and how it can be utilised to thoroughly assess your client's investment portfolios and narrow decision-making. Oxford Risk Website: https://www.Oxford Risk.com.au/for-advisers/        Bianca Kent LinkedIn: https://www.linkedin.com/in/bianca-kent-5947043a/ Greg Davies LinkedIn: https://www.linkedin.com/in/gregbdavies/  Peita Diamantidis LinkedIn: https://www.linkedin.com/in/peitamd/  A world of opportunity awaits you at https://netwealth.com.au/woo Join the Ensombl platform: App Store: http://co.xyadviser.com/xyistore Google Play: http://co.xyadviser.com/xygplay Desktop: https://ensombl.com/ General Disclaimer – https://www.xyadviser.com/disclaimer/

We chat to the marvellous Greg Davies about simple rules for investing, why investors are often their own worst enemies, and his brilliant tips and advice for people starting out in investing. Greg is a specialist in applied behavioural finance and is currently the Head of Behavioural Science at Oxford Risk, where he is working on building software to help people make better financial decisions. Before, Greg was tasked to start up the world's first team of behavioural finance specialists at Barclays. And here he shares some of the things he has learnt along the journey. Enjoy the listen!

How can Behavioural Science help us better manage our financial affairs? Why should we still invest in oil companies if we believe in green energy? What does how we taste wine tell us about human decision-making?All of these questions, and a lot more, are answered on this episode of the Human Risk podcast, where I'm joined by my guest Behavioural Finance expert Dr Greg Davies.Greg has been on the show before. You'll find that episode which he recorded together with Stuart Tootal, here: https://www.humanriskpodcast.com/stuart-tootal-greg-davies/He works for Oxford Risk, a fintech that, in their words, ‘empowers financial institutions to provide hyper-personalised advice to their clients, for today and for a lifetime of financial decisions'. In our discussion, we explore three topics: 1. The challenges of making sound financial decisions and how an understanding of Behavioural Science can deliver better outcomes. Because, as Great explains, we're not naturally good at making the best financial decisions for the longer term. Greg also shares some fascinating insights about how a combination of machines making diagnoses and humans prescribing solutions can lead to optimal outcomes. 2. Sustainability - Greg explains why counter-intuitively, we should continue to invest in fossil-fuel businesses and why promoting sustainable investments solely based on the returns they generate is missing an opportunity. 3. Finally, we talk about Behavioural Winetasting and why the way in which we taste wine can help us to understand flaws in human decision-making.It's an eclectic mix, but as you'll hear, they've all got one thing in common — they're things Greg can talk insightfully and passionately about. To find out more about: - Greg, see his LinkedIn and Twitter profiles: https://www.linkedin.com/in/gregbdavies/ and https://twitter.com/GregBDavies - Oxford Risk see their website: https://www.oxfordrisk.com/ - Behavioural Winetasting: https://www.johndownes.com/behavioral-wine-tastingDuring our discussion, we also refer to other episodes of the podcast: - Professor Olivier Sibony on 'Noise' - https://www.humanriskpodcast.com/professor-olivier-sibony-on-noise/ - Nicole Ludvik-Smith on 'Skydiving & Stunts' - https://www.humanriskpodcast.com/nicole-smith-ludvik-on-skydiving-stunts/

Advised investors are almost twice as confident as non advised that their default portfolio is invested in line with their ESG values. If you want to know that your money is making a difference, do you really need a financial adviser?Head of Behavioral Science at Oxford Risk, Dr. Greg Davies joins Roger Hearing on the latest miniPod as they discuss the latest findings on ESG from Embark's latest Confidence Barometer.

In this episode of Mind & Money, Becky and Greg discuss whether it is essential to be confident and clever to succeed when investing. Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. Becky O'Connor is Head of Pensions & Savings at interactive investor. Greg Davies is a behavioural finance expert at Oxford Risk. See oxfordrisk.com for more information. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

Becky and Greg kick off the new year talking about fate. Is life really in our own hands and do our beliefs on the subject impact our financial well-being? Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. Becky O'Connor is Head of Pensions & Savings at interactive investor. Greg Davies is a behavioural finance expert at Oxford Risk. See oxfordrisk.com for more information. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

In the latest episode of Mind & Money, Becky and Greg discuss whether comparing ourselves to others is avoidable, whether it can be motivating rather than negative, and how it impacts our financial habits. Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. Becky O'Connor is Head of Pensions & Savings at interactive investor. Greg Davies is a behavioural finance expert at Oxford Risk. See oxfordrisk.com for more information. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

With Greg Davies | Expert in Applied Behavioural Science | BIO: Globally recognized expert in applied decision science, behavioural finance, and financial wellbeing, as well as a specialist in both the theory and practice of risk profiling. Greg started the banking world's first behavioural finance team as Head of Behavioural-Quant Finance at Barclays. In 2017 Greg joined Oxford Risk to lead the development of behavioural decision support software to help people make the best possible financial decisions. Highlights: How the study of behavioural finance can improve your financial well-beingWe discuss the role emotions play in your financial decision makingThe positive impact of applying "systems" thinking towards your financesHow the philosophy of rationality applies to applied behavioural financeIrrational vs rational decision making Links: Greg's Twitter CLICK HEREOxford Risk's website CLICK HERE Oxford Risk's Twitter CLICK HEREOpen Outcry Financial Reality Opera (full 8 minute documentary) CLICK HERE

September's edition of Mind & Money is all about how to think long term in a world of instant gratification. Are there strategies we can adopt to think more about our future selves than the here and now? Greg Davies, behavioural finance expert at Oxford Risk, gives his top tips to Becky O'Connor, ii's head of pensions and savings. Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. Becky O'Connor is Head of Pensions & Savings at interactive investor. Greg Davies is a behavioural finance expert at Oxford Risk. See oxfordrisk.com for more information. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

Greg is the Head of Behavioural Science at Oxford Risk. He and Louis talk about narrowing the gap between the right longterm financial decisions and the emotionally comfortable financial decisions, and how Applied Behavioural Finance can eventually close that gap. Dr. Greg Davies LinkedIn: https://www.linkedin.com/in/gregbdavies/ Oxford Risk Website: https://www.oxfordrisk.com/ For more information on PortfolioMetrix reach out to our team or follow us on LinkedIn. https://www.portfoliometrix.com/za/ Asset-Map. Deliver advice, faster. https://www.asset-map.com/south-africa Visit https://www.allangray.co.za/ to learn how they build long-term wealth for clients. Join the XY platform: App Store: http://co.xyadviser.com/xyistore Google Play: http://co.xyadviser.com/xygplay Desktop: https://www.xyadviser.com/ General Disclaimer – https://www.xyadviser.com/disclaimer/

Our expectations for investment growth can sometimes be at odds with what is realistic. In this episode, Becky and Greg discuss investment loss, including tips and strategies for coping with it, dealing with sustained loss and accepting that ‘loss' is a part of investing and can potentially make you a better investor. Enjoyed listening? Please like and subscribe. Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. Becky O'Connor is Head of Pensions & Savings at interactive investor. Greg Davies is a behavioural finance expert at Oxford Risk. See oxfordrisk.com for more information. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

The investment industry has long been associated with male dominance and a disparity in terms of female representation. In this episode, Becky and Greg discuss whether there are key differences between men and women with regard to finance, social expectations and how we can better frame investment to appeal to women. Enjoyed listening? Please like and subscribe. Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. Becky O’Connor is Head of Pensions & Savings at interactive investor. Greg Davies is a behavioural finance expert at Oxford Risk. See oxfordrisk.com for more information. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past Performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

Choosing what to invest in can mean considering what makes sense ethically as well as financially. In this episode, Becky and Greg discuss sustainable investing, all-things ESG and the reasons for its popularity. Enjoyed listening? Please like and subscribe. Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. Becky O’Connor is Head of Pensions & Savings at interactive investor. Greg Davies is a behavioural finance expert at Oxford Risk. See oxfordrisk.com for more information. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past Performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

Earlier this year the Financial Conduct Authority announced plans to review the controversial 10 per cent drop rule, which was introduced by Mifid II in 2018 and means clients must be informed when their portfolios drop by 10 per cent or more.The rule has been suspended since the beginning of the Covid-19 pandemic due to increased market volatility, a suspension which the FCA has said will continue until the end of 2021.But now the UK has left the European Union, what should the FCA do about this rule following its review? Should the rule be scrapped completely? Or can it be saved.This week FTAdviser digital editor Damian Fantato is joined by Tim Fassam, director of government relations at adviser trade body Pimfa, and Greg Davies, head of behavioural science at Oxford Risk, to discuss these questions.They also discuss what advisers can learn about this rule about communicating investment performance with their clients.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

This week I speak to Greg Davies, a specialist in applied behavioural finance, decision science, impact investing, and financial wellbeing. He started the banking world’s first behavioural finance team at Barclays in 2006, which he led for a decade. Greg explains how he used himself as a guinea pig to put his research into action during the global credit crunch. He explains the four things you need to do to have a successful investment experience. And he explains why doing what feels comfortable is rarely good for your finances. Find out more about Greg’s work at Oxford Risk here. You can take the Money Types quiz on First Direct’s website here. You can check out my YouTube channel here.

In this "Best Of" edition, the guys chat with Dr. Richard Smith, CEO of the Foundation for the Study of Cycles (known as the Doctor of Uncertainty) about Non-Fungible Tokens and Blockchain. Dr. Greg Davies, Head of Behavioral Finance at Oxford Risk on how emotional investing results in major losses and can negatively impact your retirement.  See omnystudio.com/listener for privacy information.

Professor Greg Davies from Oxford Risk discusses the South African investing personalities revealed from the recent Nedgroup Investments Behavioural Survey, and how to identify and harness certain personality traits that investors portray.

It can be a source of friction and awkwardness, but inheritance is an important subject for families. In this episode, Becky and Greg explore the importance of personality, timing and how to break the silence, whether you’re the one giving or inheriting. Enjoyed listening? Please like and subscribe. Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. Becky O’Connor is Head of Pensions & Savings at interactive investor. Greg Davies is a behavioural finance expert at Oxford Risk. See oxfordrisk.com for more information. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past Performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

We talk to Greg Davies, head of behavioural finance at Oxford Risk, about how many financial adivisors are poorly equipped to help clients deal with their emotions. Follow Oxford Risk on Twitter.

Becky is once again joined by Greg Davies, behavioural finance expert at Oxford Risk, to talk risk, family and why the news can cloud our judgment when it comes to investing. Visit ii.co.uk/knowledge-centre/behavioural-finance and ii.co.uk/stock-market-news for more insight and ideas. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past Performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

Poor investing decisions driven by emotions cost the average investor 3 percent a year in returns, according to research by Oxford Risk. Emotional decision-making increases during times of market and economic stress, creating even worse returns. For example, a decision to sell stocks when the market lost more than one-third of its value at the beginning of the global coronavirus pandemic could have cost an investor as much as 6 or 7 percent of their yearly returns. To avoid knee-jerk emotional decisions that can cost you, avoid obsessive monitoring of stock prices and the news. In addition, relying on the objective viewpoint of a financial advisor can help. If you have sold out of the market, reinvest gradually over time to avoid losses that could result from mistiming your re-entry. Financial Times  Emotions cost investors dear, research finds | Financial Times

You don’t have to be ultra wealthy to invest in art. Scott Lynn, founder of Masterworks, tells us about buying “shares” in blue-chip artwork. Then, Morneau Shepell’s latest Financial Wellbeing Index. Idan Shlesinger takes us through highlights. And, Greg Davies from Oxford Risk on how financial advisors can help clients deal with emotional investing.  And, Junior Achievement Canada’s Investment Strategies program. Jennifer Holmes Weier from JA Central Ontario and Julian Kokhanovskyy, program participant,  will tell us more. Plus, the difference between a financial advisor and a financial coach with Tanya Oliva from Fin$mart. To find out more about the guests check out: Masterworks: Facebook | Linkedin Morneau Shepell: Twitter Idan Shlesinger: Linkedin Oxford Risk: Twitter JA Central Ontario: Twitter | Instagram | Facebook Fin$mart: Fin$mart |Twitter | Facebook Find Bruce Sellery at Moolala.ca | Twitter | Facebook |Linkedin

There are many changes caused by the coronavirus crisis that were perhaps predictable at the start of the pandemic — a shift to working from home, a rise in home gym sales and far too many banana breads being baked.But one that was perhaps less easy to forecast was the rise in DIY investing and day trading. Retail platforms have experienced a huge wave of new clients, equity trades have more than doubled, and the recent Gamestop battle between amateur investors and hedge funds caused a trading frenzy.But what does this mean for advisers? How seriously should the advice market take the growth of retail trading, and how might they benefit from the trend?In this episode, reporter Imogen Tew is joined by Greg Davies, head of behavioural science at Oxford Risk, and Martin Bamford, head of client education at Informed Choice to discuss the what it means for advisers.Then, Imogen discusses the Pensions Bill and the rise of vulnerable clients with fellow reporters Rachel Mortimer and Amy Austin.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

In the first episode of a new series, interactive investor’s Becky O’Connor is joined by Greg Davies, behavioural finance expert at Oxford Risk. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Past Performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

The EmbarkPod returns with Bloomberg Radio's Roger Hearing as he speaks with financial behaviour expert Greg Davies from Oxford Risk and Be-IQ's Neil Bage on the insights and behaviours that make us tick. Are these tools useful… are they ethical? Many people struggle to make financial decisions, so could the future of advice hinge on it? Listen today and delve into the debate on our investment/financial personalities:

In this episode of Investment Uncut, show hosts Dan Mikulskis and Mary Spencer catch up with Greg Davies from Oxford Risk.

The advice industry is constantly evolving, and advisers are continually pushing the norms in order to get to know their clients better and improve the suitability process.Regulators and advisers agree that matching an investment to an investor is underpinned by risk tolerance and financial ability — but can advisers go further to understand the emotional ability of a client to take that risk? Is there a ‘behavioural capacity’ that can determine how a client may interact with their investment portfolio?In this episode, reporter Imogen Tew is joined by Greg Davies, head of behavioural science at Oxford Risk, Alistair Wilson, head of platform strategy at Embark Group and Niall Gunn, managing director at Prosperis to discuss the possibilities.Then Imogen talks about the headlines of the week with fellow reporters Rachel Mortimer and Amy Austin.The FTAdviser Podcast is the weekly podcast for financial advisers brought to you by FTAdviser.com. See acast.com/privacy for privacy and opt-out information.

As an expert in applied decision science and behavioral finance, Greg gives one example after another on how you can design your practice, your process, and your conversations for optimal behavior and better outcomes. Greg Davies is the head of behavior at Oxford Risk, where he focuses on improving financial decision making through the use … Read More Read More

As an expert in applied decision science and behavioral finance, Greg gives one example after another on how you can design your practice, your process, and your conversations for optimal behavior and better outcomes. Greg Davies (Twitter and LinkedIn) is the head of behavior at Oxford Risk, where he focuses on improving financial decision making through the use of behavioral science and is the co-author of the book Behavioral Investment Management. Greg works with advisors and planners around the world on how to apply behavioral finance in order to make optimal decisions in the face of complexity, uncertainty and behavioral biases. What we discuss with Greg: The two types of financial plans: One for technical knowledge and one for governing behavior How our human bias makes us ill-equipped to handle the suitability process How the implementation of technology unlocks your ability to give better advice AND focus more on the human side of the relationship The pitfalls of traditional risk tolerance questionnaires The importance of nailing the risk assessment with a focus on anxiety-adjusted returns instead of risk-adjusted returns The three components of risk assessment: Risk Tolerance, Risk Capacity, and Emotional Capacity and how to incorporate them all How to know whether you need to improve your risk assessment process (Hint: there's a very good chance that you do!) Why selling at the bottom is NOT irrational The three people Greg would want to listen to at a roundtable discussion on behavior and psychology The books he recommends anyone that's interested in the field of behavior and psychology Where he thinks behavioral finance will be within the industry in 2030 For show notes and resources discussed in this episode, visit: www.wiredplanning.com/episode4 To join a community of like-minded advisors and planners looking for insights and information on how to leverage psychology, behavior change, and communication to master the human side of money, visit Wired Planning.   Follow Brendan: Twitter: @jbrendanfrazier LinkedIn: Brendan Frazier  

Greg Davies is a specialist in applied behavioural finance, decision science, impact investing, and financial wellbeing. He founded the banking world’s first behavioural finance team at Barclays in 2006, which he led for a decade. In 2017 he joined Oxford Risk to lead the development of behavioural decision support software to help people make the best possible financial Decisions. Greg holds a PhD in Behavioural Decision Theory from Cambridge; has held academic affiliations at UCL, Imperial College, and Oxford; and is author of Behavioral Investment Management. Greg is also Chair of Sound and Music, the UK’s national charity for new music, and the creator of Open Outcry, a ‘reality opera’ premiered in London in 2012, creating live performance from a functioning trading floor.

Sarah Bowen and Merle van den Akker interview Greg Davies on how behavioural science is applied to investing, and the role of risk profiling.Greg Davies is the Behavioural Science Lead at Oxford Risk, where he works at improving decisions through behavioural science: behavioural finance; investment suitability; risk profiling;  decision support tools; customer engagement; and financial decision making. He is also an editorial board member for the Journal of Behavioral and Experimental Finance.Finding Greg Davies:Twitter: https://twitter.com/GregBDavies?s=20LinkedIn: https://www.linkedin.com/in/gregbdavies/?originalSubdomain=ukOxford risk: https://oxfordrisk.com/ Links mentioned:Thaler, R. H., & Benartzi, S. (2004). Save more tomorrow™: Using behavioural economics to increase employee saving. Journal of Political Economy, 112(S1), S164-S187. https://www.jstor.org/stable/10.1086/380085Report on financial personality for investors: https://www.sc.com/en/banking/banking-for-individuals/uncover-your-biases/the-standard-chartered-investor-personality-study-2020/?utm_source=twitter&utm_medium=organic&utm_campaign=investorpersonalityOxford risk tool: https://oxfordrisk.com/mek-form/QB twitter poll – what are your "general" risk preferences: https://twitter.com/QB_Podcast/status/1269200063810674690?s=20 Secret link: https://www.youtube.com/playlist?list=PLtooIklzheqzORPbQBiEZKsw2T4s6SUxv Questioning Behaviour Socials: Facebook: @QBpodcast (https://www.facebook.com/QBPodcast) Insta: @questioningbehaviour (https://www.instagram.com/questioningbehaviour/) Twitter: @QB_podcast (https://twitter.com/QB_Podcast) LinkedIn: @Questioning Behaviour (https://www.linkedin.com/groups/8928118/) Music: Derek Clegg “You’re the Dummy” https://derekclegg.bandcamp.com/

Greg Davies, PhD is a specialist in applied behavioral finance, decision science, impact investing, and financial wellbeing. He founded the banking world’s first behavioral finance team at Barclays in 2006, which he led for a decade. In 2017 he joined Oxford Risk to lead the development of behavioral decision support software to help people make the best possible financial decisions. Greg holds a PhD in Behavioural Decision Theory from Cambridge; he has held academic affiliations at UCL, Imperial College, and Oxford; and is author of Behavioral Investment Management. Greg is also Chair of Sound and Music, the UK’s national charity for new music, and the creator of Open Outcry, a ‘reality opera’ premiered in London in 2012, creating live performance from a functioning trading floor. We invited Greg to have a conversation about COVID-19 because of his very academic view of how our financial decisions are made in the real world. We found his insights to be invaluable as we discussed the importance of using NOW as the time to build resistance for the next crisis – it’s only a matter of time. We discussed how to use Odysseus contracts to ensure we make decisions in a “cold” state that will bind us to behaviors in “hot” states. And one of the more provocative comments, especially coming from a financial guy, was how our world would benefit from giving the “fetish of optimization.” You’ll want to check it out. © 2020 Behavioral Grooves   Links Connect with Kurt and Tim: Kurt Nelson, PhD: @WhatMotivates  e-mail: kurt@lanterngroup.com Tim Houlihan: @THoulihan  e-mail: tim@behavioralchemy.com Lantern Group: http://lanterngroup.com/ BehaviorAlchemy: https://www.behavioralchemy.com/ Behavioral Grooves: https://behavioralgrooves.com/ Weekly Grooves: https://weeklygrooves.podbean.com/ Common Biases & Heuristics: https://docs.google.com/document/d/1XHpBr0VFcaT8wIUpr-9zMIb79dFMgOVFRxIZRybiftI/edit# Patreon Site for Behavioral Grooves: https://www.patreon.com/behavioralgrooves   General Coronavirus Info: Daily Newsletter Summarizing data from Johns Hopkins Center for Health Security: http://www.centerforhealthsecurity.org/newsroom/newsletters/e-newsletter-sign-up.html CDC: https://www.cdc.gov/coronavirus/2019-ncov/index.html Great videos on the science behind this by Dr. Peter Attia – this is the first in a series: https://www.youtube.com/watch?v=CNVhLyAlfA4 What is herd immunity?: https://www.technologyreview.com/s/615375/what-is-herd-immunity-and-can-it-stop-the-coronavirus/ A list curated by Liam.Delaney@UCD.ie https://docs.google.com/document/d/11GLhX7hLf64Bxkdpv5hvYHqOjS1imlcMQFjJBJ-9oUM/edit   Coronavirus & Behavioral Science: Selected Links: The Behavioral Sice of Coronavirus: https://behavioralscientist.org/selected-links-the-behavioral-science-of-the-coronavirus-covid-19/ Why no one is reading your coronavirus email: https://edition.cnn.com/2020/03/13/opinions/coronavirus-emails-effective-messaging-rogers/index.html Handwashing can stop a virus, so why don’t we do it?: https://behavioralscientist.org/handwashing-can-stop-a-virus-so-why-dont-we-do-it-coronavirus-covid-19/ The behavioral science of handwashing: https://think.ing.com/articles/the-behavioural-science-of-hand-washing/ Ideas 42: The Behavioral Side of COVID-19 here: https://ideas42.org/covid19/ Greater Good: https://twitter.com/GreaterGoodSC   How We Can Cope During This Crisis: Tip Sheet from HUMU: https://humu.com/remote-nudges/ Resources for learning at home: https://fordhaminstitute.org/national/commentary/resources-learning-home-during-covid-19-school-closures?utm_source=join1440&utm_medium=email&utm_placement=etcetera   General Behavioral Science Links: Common Biases and Heuristics: https://docs.google.com/document/d/1XHpBr0VFcaT8wIUpr-9zMIb79dFMgOVFRxIZRybiftI/edit# Jonathan Haidt – 5 Moral Foundations: https://en.wikipedia.org/wiki/Moral_foundations_theory Annie Duke’s “How To Decide”: https://www.amazon.com/How-Decide-Simple-Making-Choices/dp/0593084608 “16 Ways To Promote Hand Washing With Behavioral Science” article by Aline Holzwarth: https://www.forbes.com/sites/alineholzwarth/2020/03/25/handwashing-with-behavioral-science/#261b4b9f768d Aline Holzwarth’s Playlist on Spotify: https://open.spotify.com/playlist/0H5fsQRrqslGdBhhx8d4Aw?si=0jra0rU1Qu2vQNtqjbRvZA Deontological and Consequential Moralities: https://plato.stanford.edu/entries/ethics-deontological/#DeoTheKan Difference between descriptive and injunctive norms: https://psychology.stackexchange.com/questions/6193/whats-the-difference-between-injunctive-norms-and-descriptive-norms Emotion Research from FinalMile: http://finalmile.in/research/ Pandemic Playbook from FinalMile: https://www.playbookforpandemic.com/

Advisers, clients and journalists are all stuck at home. Many will have worries about their health, their jobs, their families and friends. Following the recent market falls, can behavioural finance help advisers lead their clients through these troubled times without causing them more anxiety and without encouraging them to make bad decisions? Damian Fantato, digital editor of FTAdviser, discusses the best way to communicate with clients, the suitability process and understanding financial personalities with Greg Davies, head of behavioural finance at Oxford Risk, and Sarb Chahal, a financial planner at Sanlam. The FTAdviser Podcast is the weekly podcast for financial advisers brought to you by FTAdviser.com. See acast.com/privacy for privacy and opt-out information.

Greg Davies is a globally recognised expert in behavioural finance and its impact upon our financial wellbeing. Behavioural finance is a way of understanding the decision making you go through in your day to day life, how your personality and psychology influences that, and ultimately how we use that knowledge to help you make better decisions. He joins me to explain the smart way to match your investment risk to your investments and his three rules for investing. We also chat about how to encourage people to engage with their personal finances, why we struggle to make decisions about our money and how a lot of our money decisions are based on what feels emotionally comfortable to us, rather than any sort of technical analysis of what the optimal decision is. Greg – of Oxford Risk – holds a PhD from Cambridge University and is also a specialist in both the theory and practice of investment risk profiling.  Listen here on episode 069 of The Retirement Café Podcast

Today's subject is decision making. Why is it so hard for people to make good decisions around savings, investments and money in general?   We're joined by behavioral scientist Greg Davies, Head of Behavioral Finance at Oxford Risk, and Ella Rabener, co-founder and Chief Marketing Officer of Scalable Capital, to discuss.   Tweet at us @rebankpodcast or connect on Facebook or LinkedIn to join the conversation.   Thank you very much for joining us today. Please welcome, Greg Davies and Ella Rabener.

Summary:During the 3rd episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Paul Resnik, Co-founder and Director at FinaMetrica. As a risk assessment company, FinaMetrica provides tools for financial advisors to figure out the risk tolerance of their clients. Paul Resnik shares his history in the industry, the uphill battles that FinaMetrica has faced, and what it will take to turn financial advising into more of a science than an art.Show Notes01:55 – Paul Resnik started FinaMetrica in 1994, but Paul has been in the industry for almost 50 years.● 02:17 – Changes in Australia occurred: the ability to consolidate investment products onto a single platform and people not being prepared for their portfolios crashing.● 04:25 – Risk asseement was met with hesitation back in 1994 and now. Planners often find it intrusive.● 07:26 – FinaMetrica took four fours to assemble the 25 questions used in their psychometric test – after trying out 150 questions. They have done almost 1.2 million tests.● 09:08 – Men tend to be more risk tolerant than women. Financial workers and highly confident people tend to be more risk tolerant than their clients. Factors that tend to not have any impact are age, education, and experience.● 11:47 – FinaMetrica charges the most in the global marketplace for their risk tolerance test. Their clients tend to be personal financial advisors in the approximately 20 countries that they work in.● 12:17 – FinaMetrica starts with a 25 or 12 question questionnaire to measure financial risk tolerance juxtaposed against ethical, physical, and social tolerances to determine an average score and range.● 16:56 – They link results to portfolios that have ranked at a similar level against a range of scenarios including: nominal returns, highs and lows, adjusted for inflation, 10 worst falls, how long it took to crash and recover, and 10 highest rises.● 21:56 – FinaMetrica, based in Australia, is merging with PlanPlus, a financial planning company based in Toronto Canada. 90% of FinaMetrica’s revenue is international. They integrated their systems roughly 10 years ago and have looked for joined clients.● 24:49 – The cost to implement FinaMetrica into their practice: $800-900 a year in various countries.● 26:15 – Thinking fast is our great survival. Thinking slow hurts, because people are too busy thinking and not paying attention. People thinking fast are using mental shortcuts/intuition.● 29:31 – Survey in Georgia of financial advisors had results all over the place – including the same client that received different answers from the same planner.● 35:00 – Planner’s unfortunately often project their own level of risk tolerance onto their clients and the people running the money project their risk tolerance onto the advisors.● 37:13 – Paul Resnik left the corporate world in 1991 and established a life company and an asset management business a few years prior to that.● 38:29 – Competitors of FinaMetrica include: Oxford Risk in the UK and in Riskalyze in the United States. ● 41:17 – Paul Resnik is not a fan of Target Date Funds.● 42:57 – Technology Tools Today is a US company for financial advisor technology that puts out an annual survey. FinaMetrica has the highest user rating. 3 Key Points:1. Risk tolerance is a personality, and personalities tend not to change.2. FinaMetrica starts with a 25 or 12 question questionnaire to measure financial risk tolerance juxtaposed against ethical, physical, and social tolerances to determine an average score and range.3. The cost to implement FinaMetrica into their practice: $800-900 a year in various countries. Tweetable Quotes:- “We measure risk tolerance scientifically. We use a psychometric test…it took us four years to put together our 25 questions.” – Paul Resnik.- “Risk tolerance is a personality trait. Personality tends not to change.” – Paul Resnik.- “We are fighting for mind space. We are fighting for people to stop long enough and listen.” – Paul Resnik. Resources Mentioned:● Facebook – Jason Pereira’s Facebook● LinkedIn – Jason Pereira’s LinkedIn● FinaMetrica – Website for FinaMetrica● Paul Resnik – LinkedIn for Paul Resnik See acast.com/privacy for privacy and opt-out information.