What changes in risk behaviour btn 2002 and 2008?

Between 2002 and 2008, risk behavior, particularly in relation to financial markets and Personal Finance, underwent significant changes influenced by the evolving economic landscape. The period saw a shift towards more aggressive investment strategies, fueled by the booming housing market and a culture of speculation. However, the onset of the financial crisis in 2007-2008 led to a stark shift, with individuals and institutions becoming more risk-averse, prioritizing savings and stability over high-risk investments. This change reflected a broader reassessment of financial security and trust in markets.