Market Mind Hypothesis: The final frontier of behavioural finance

Tuesday 18 October 2022 | 18:30 - 20:30 | Evening Event

This is an in-person networking and knowledge sharing opportunity.

In the third and final event of our Challenging economic consensus lecture series, Patrick Schotanus introduces you to the Market Mind Hypothesis (MMH) - a particular interpretation of cognitive economics which pushes the envelope of behavioural economics to its limit. 

Mainstream, aka mechanical economics is a flawed theory that creates, and justifies, dangerous policies, strategies, and other practices that contribute to our predicament. In short, economics is a culprit rather than an innocent bystander (i.e. objective scientific observer). The origin of its flaws is its ontologically incorrect mechanical worldview. The MMH offers a more realistic alternative, while highlighting economics’ elephant in the room and its “hard” problem.

• Learn the key lesson—overlooked by others—from the systemic crises, especially the GFC (triggered by the collapse of Lehman Brothers) and why is it important

• Grasp what is missing from our understanding of investor mentality, i.e. the final frontier of behavioural finance, and be able to answer what makes hypes and crashes what they are for investors

• Understand some of the practical implications of accepting the MMH

This event forms part of our Challenging economic consensus lecture series. Other events in this series include, Challenging current economic theory and policies, with Andrew Smithers and Radical Uncertainty: Decision-making for an unknowable future, with John Kay, FSIP.


Registration: 18:00

Event: 18:30 - 19:30

Networking: 19:30 - 20:30

CPD Points: 1.00


Patrick Schotanus, Visiting Professor, Edinburgh Business School

Patrick Schotanus is a Visiting Professor at the Edinburgh Business School (Heriot-Watt University) where he is further developing his Market Mind Hypothesis (MMH) together with other researchers. His technical papers have been published in various peer-reviewed journals and he regularly presents his work at conferences and seminars. Previously Patrick worked in investment management and banking in Edinburgh, London, New York, and Singapore, as well as the Netherlands (where he was born). During that time he worked for various firms in senior positions, most recently as global multi-asset strategist and portfolio manager.

Patrick has a PhD and two master’s degrees. His professional investment qualifications include the RBA (Dutch version of CFA), the CEFA and the CMT designations.

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