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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

Because of informational imperfections (think subprime mortgages), segments within financial services have a history of provoking manias, panics, and crashes — volatility exacerbated by recent innovations such as exotic derivatives and high frequency trading. Economy Finance' See the rest of the series here.

article thumbnail

What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

Because of informational imperfections (think subprime mortgages), segments within financial services have a history of provoking manias, panics, and crashes — volatility exacerbated by recent innovations such as exotic derivatives and high frequency trading. Economy Finance' See the rest of the series here.