... finance Complexity economics Efficient markets Evolutionary economics Financial crises Mental models Narrative economics Radical uncertainty Financial markets Financial economics Financial meltdown The shock of the Global Financial crisis accelerated a trend that was already well...

...Thomas D. Willett Decision making Defective theories Financial crisis Financial economics Financial policy Future crisis International financial institutions Mental models Subprime Article Type: 2013 Awards for Excellence From: Journal of Financial Economic Policy...

... emphasis on how faulty mental models interacted with dangerous incentive structures to play a prime role in generating the crisis. The paper also references a much wider range of literature on the crisis than any study of which the author is aware. The paper should be of value to any one interested...