Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life
amazon.com
Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life
May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases—And What We Can Do about It
amazon.com
There was a common view that while financial institutions had made large bets, key decision-makers had their own money on the line, previous crises had turned out okay, ergo things couldn’t get so bad. Most market players, including regulators, proceeded on some version of those assumptions. The course of history appeared to validate this excess tr
... See moreTyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
