hoffman wrote a fantastic post today on “Rational Actors and the Economic Crisis”
Here’s ONLY a quick extract
Rational Actors and the Economic Crisis
I missed this when it originally happened, but you should read Richard Posner’s take on the financial crisis, as delivered to Columbia law students.Posner devoted the bulk of his presentation to outlining the myriad motivations behind the excessive risks. What disturbs him most, he said, is that all…
Read the full post from Concurring Opinions
Tags: Behavioral Law and Economics
via Blogdigger blog search for mortgages.

To view the rest of this excellent post, you MUST go here