Announcement: SOA releases February 2024 Exam FM passing candidate numbers.
We’re in the midst of a personal knowledge revolution. Never before have individuals been able to access a wider range of information so easily. This is particularly true in health and personal finance. Individuals increasingly must choose the information they will seek and how they will act on that information. This has been especially true during the COVID-19 pandemic. The idea that we would be better off — healthier, wealthier and more aware of who we are — if we had access to more information about our preferences, habits and biological predispositions has great intuitive appeal. Being informed, or so the argument goes, is always better than not being informed. More information is empowering and should also lead to greater wellbeing. But is this true? In this presentation, Matt Battersby will explain why people seek the information they do and how that influences decisions such as purchasing life insurance and pursuing healthy lifestyles. Natan Sklair will then explain how our values influence our risk and time preferences and how behavioural science can help improve our subsequent measurement of risk.
Learning Outcomes:
Attend this session and you’ll gain perspectives on how: :
· Our values influence our risk and time preferences.
· Behavioural science can help improve our subsequent measurement of risk.
Track: Cultivating Future Opportunities
1.20 SOA CPD
1.00 CIA