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"My sense is that this financial crisis is going to amount to a coming-out party for behavioral economists and others who are bringing sophisticated psychology to the realm of public policy. At least these folks have plausible explanations for why so many people could have been so gigantically wrong about the risks they were taking."

--David Brooks, NYTimes columnist, writing about how analyzing situations incorrectly is one of the key problems that led us to the financial crists we're in today, and how behavioral economists like Dan Ariely will have more impact going forward. (Susan sez: Well worth a read for the comments on Alan Greenspan.)

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Susan Mernit
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About this Entry

This page contains a single entry by Susan Mernit published on October 28, 2008 10:55 AM.

Knight News Challenge deadline is Nov 1st, which means get moving now was the previous entry in this blog.

Paid Content: Is moving servers the death of a business? is the next entry in this blog.

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