Article ID Journal Published Year Pages File Type
1002940 Research in International Business and Finance 2014 18 Pages PDF
Abstract

The global financial crisis proved the critical impact of the gap between individual rationality and group rationality. This gap is not supposed to arise in a Neoclassical world, but it frequently arises in a world as complex as ours. The paper explores how endogenous instability might arise due to such a gap, and what behavioral rules might help to mitigate its impact.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
Authors
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