... for their extensions and applications. Adaptive markets Agent-based modeling Behavioral finance Complexity economics Efficient markets Evolutionary economics Financial crises Mental models Narrative economics Radical uncertainty Financial markets Financial economics Financial meltdown The shock...

... policies are discussed. While most of the arguments in the paper are not new, no paper of which the author is aware pulls them together with the same emphasis on how faulty mental models interacted with dangerous incentive structures to play a prime role in generating the crisis. The paper...

... 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...