(FEB NEWS) Monday, August 14, 2023 (1:00 PM – 3:00 PM WIB), the Research and Publication Center (3P) of the Faculty of Economics and Business, Universitas Airlangga (FEB UNAIR), held a workshop entitled "Behavioral Finance: Over-indebtedness in Consumer Credit", with speakers from the School of Business and Management, Bandung Institute of Technology (SBM ITB), Ana Noveria, SE., MBA., Ph.D.

This workshop session raised the issue of over-indebtedness, which is based on the increasingly widespread phenomenon of online lending (Pinjol) and the widening access to credit for various levels of society, which has led to more people taking out loans beyond their financial capabilities and ending up in financial distress.

Ana Noveria attempts to explain and examine over-indebtedness through a behavioral finance perspective. Two main factors can explain irrational financial decisions and behavior: behavioral biases and cognitive biases. To address the issue of over-indebtedness, Ana Noveria emphasizes the importance of financial literacy and the role of behavioral nudging.

This activity was carried out offline from Room 204, FEB UNAIR Floor, and was attended by lecturers from across faculties and students from across departments at various levels (S1-S3).

The workshop ended with a very interactive and interesting discussion and question and answer session, with very high enthusiasm from the participants, before being closed with a souvenir and certificate giving session by the Vice Dean II of FEB UNAIR – Dr. Nisful Laila.

Greetings from us, Airlangga Knights,
Synergizing with our hearts for Mother Earth

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