IPAA Queensland Breakfast in collaboration with MGD Wealth
Behavioural Science in the Wild: Breaking down the Complexity of Human Decision-Making
ABOUT THIS EVENT
People are complex. We are not always rational. We are biased. We are influenced by many external and internal factors when making decisions.
So, how do public purpose workers understand the nature of people, how they make decisions, think about trade-offs, and the influences that are at play when consumers, stakeholders, and constituents make decisions?
IPAA Queensland in collaboration with our partners MGD Wealth were delighted to invite the public purpose sector to our next event collaboration for the public purpose community.
This breakfast event shared insights from our special guest keynote speaker Dr Ryan O. Murphy, Global Head of Behavioural Insights at Morningstar, a world leading provider of independent investment research. Dr. Murphy’s extensive experience in interdisciplinary behavioural science and behavioural economics made this a key event for public purpose managers and leaders interested in finding out more about their own decision-making habits and biases, and the implications of this subject matter when designing policies for our communities. During his keynote, Dr Ryan O. Murphy shared some top reads about behavior. For more, read our blog here.
Ultimately, humans are limited in their ability to make perfectly rational decisions…in all areas of life, but how can this realisation better support the development of effective policies by the public purpose sector?
The event included closing remarks from John Barton, Chief Executive Officer of MGD Wealth, who holds professional knowledge in behavioural economics and psychology.
The full event recording is available to watch.
ABOUT OUR SPEAKERS
Ryan O. Murphy, Ph.D., Global Head of Behavioural Insights – Morningstar
Dr Murphy is a social/behavioural scientist who researches how people make decisions. Ryan often uses formal models that conceptualise people as perfectly rational decision agents (i.e., they optimize expectations and understand probabilities perfectly) and contrast these idealised decision makers with real people’s behaviour from experiments.
Currently working at Morningstar in the finance industry as the Global Head of Behavioural Insights, he was previously the Chair of Decision Theory and Behavioural Game Theory at the ETH Zürich, and a visiting professor in the economics department of the University of Zürich. Prior to these roles, Ryan was a research scientist and the Associate Director of the Center for Decision Sciences at Columbia University in New York.
John Barton, Chief Executive Officer – MGD Wealth
John leads the MGD Wealth team as Chief Executive Officer, driven by an absolute focus on values, quality, teamwork, and corporate citizenship. In his role, John is responsible for ensuring the team of professionals and support staff across the Group’s companies are always ready, willing, and able to provide the very best advice and service to clients. In addition to his leadership and management responsibilities, John is regularly involved in strategic matters for the firm’s private, family office, executive, professional, and business owner clients as part of the MGD Advisory team.
His experience across financial services is complemented by his knowledge and passion in the area of behavioural economics; the study of emotions and psychology and how they influence real world finance and investment decisions. John is Chair of Business South Bank, Chair of Vast Bioscience, and a founding Director of Hoplon Cyber Security. John also sits on the Board of the Royal Brisbane and Women’s Hospital Foundation and is a member of the Queensland Committee for Chain Reaction Challenge Foundation.
For more information on John and the broader MGD Wealth team, visit here.
ABOUT our partner
MGD Wealth is a boutique financial services firm with a portfolio of specialist advice services. Based in South Brisbane, MGD Wealth specialises in providing quality tailored financial solutions for individuals, families, businesses, and corporates across Australia. With global capacity, they help their clients manage, protect, and grow their wealth, giving them the financial freedom and financial resilience to achieve their personal, financial, and career aspirations.
MGD Wealth is privately owned and operate under their own Australian Financial Services Licence (AFSL no. 222600).
