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The Psychological Effects Of The Financial Crisis, Lingering

Kirsty Wigglesworth
/
ASSOCIATED PRESS

Today, an interview with Berkeley Economist Ulrike Malmendier, who has done pioneering work on the psychological effects of living through different economic events — and specifically the effect on our behavior and our willingness to take risk. Based on that work, what were the likely effects of the financial crisis, for us and for the economy?

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Cardiff Garcia is a co-host of NPR's The Indicator from Planet Money podcast, along with Stacey Vanek Smith. He joined NPR in November 2017.