From rationality to realism. Book review: “A Crisis of Beliefs: Investor Psychology & Financial Fragility”

Behavioural Finance

“The world…has witnessed an extensive history of financial bubbles, expanding credit, and subsequent crises…We put inaccurate beliefs at the centre of the analysis of financial fragility”.

In a new book, “A Crisis of Beliefs”, economists Nicola Gennaioli and Andrei Shleifer tackle the role of beliefs in financial… Read the article

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