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CEP 21st Birthday Lecture Series

Herd Behaviour and Keeping up with the Joneses

Speaker: Professor Andrew Oswald, University of Warwick & IZA Bonn

Chair: Professor Lord Richard Layard, Director of Wellbeing Programme, Centre for Economic Performance, LSE

This event took place on Tuesday 28 November 2011 at the LSE.


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Overview: Herd behaviour is very often natural and individually rational, but it has the potential to be disastrous for the group. In this lecture, Andrew Oswald will discuss human herd behaviour and its links to ‘Keeping up with the Joneses’. He will discuss the latest scientific evidence on brain patterns and what makes people happy, real herd behaviour in animals, how to react if a dinosaur comes into the room, booms and busts in housing and stock markets, why people buy watches, and whether it is a good idea for people to know what their colleagues earn.

About the Speakers: Andrew Oswald is Professor of Economics at the University of Warwick in the UK, a Visiting Fellow at the IZA Institute in Bonn in Germany, and a member of the Board of Editors of the journal Science.


For ticket information please contact the LSE Conferences and Events office

For information on future lectures in this series, please visit the CEP 21st Birthday Lecture Series webpage