# Perceptions rather than rules: the (mis)behaviour of markets

- Institution: Gresham College
- Speaker: Alderman Professor Michael Mainelli
- Year: 2005
- Level: For everyone
- Language: English
- Subjects: Economics, Business and management, Philosophy
- Source: [Gresham College](https://www.gresham.ac.uk/watch-now/perceptions-rather-rules-misbehaviour-markets)
- Licence: [Educational use (Gresham College's terms)](https://www.gresham.ac.uk/terms-and-conditions)
- Who can watch: Teens profiles and older (sources give no ratings; placed by Invisible Network from the source's own words)

Why do we seem to face 1 in 300 year events every three years? Unlike many physical systems, markets exhibit strange, non-normal statistical distributions. We will consider the complex inter-relationships between perceived risk and society's decisions, the importance of 'feed-forward' and the implications of chaos theory on our understanding of markets.

## Lectures

1. [Perceptions rather than rules: the (mis)behaviour of markets](https://invisiblenetwork.ai/learn/gresham/perceptions-rather-rules-misbehaviour-markets/fd9adb675823) (YouTube)