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... > social science subjects > politics and international relations > governance > crisis management > civil crisis management > financial risk management in higher education
... > social science subjects > business and management > management settings > business management > governance > crisis management > civil crisis management > financial risk management in higher education

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financial risk management in higher education  

Definition

  • Why would a rational person decide to take on a mortgage for a home that she or he cannot afford? Why would a rational decision maker from a reputable financial institution provide a mortgage to that person knowing that she or he cannot afford it? As demonstrated throughout the recent real estate boom in the United States, as well as through the research of various behavioral economists, rational people make irrational decisions, and oftentimes these decisions are based on incomplete information. No person or institution is immune to this tendency. [Source: Encyclopedia of Crisis Management; Financial Risk Management in Higher Education]

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https://concepts.sagepub.com/social-science/concept/financial_risk_management_in_higher_education

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