Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1002940 | Research in International Business and Finance | 2014 | 18 Pages |
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
Sami Al-Suwailem,