In an interview with Devex, James Mwangi, the CEO Equity Bank Group Holdings, shares a need for data and education to change risk perceptions on the continent.
Allen, Ryan, and Prithwiraj Choudhury. "Algorithm-Augmented Work and Domain Experience: The Countervailing Forces of Ability and Aversion." Organization Science 33, no. 1 (January–February 2022): ...
This phenomenon reflects loss aversion, and Spencer mentions that this investing bias is normal. "Loss aversion is natural and affects everyone. People seek pleasure and want to avoid pain," he says.
Frustrated staffers point to a plodding management style and aversion to take the right kind of risk, particularly on the trading desk to support big corporate clients and their banking deals.