The Role of Incentives in the World Financial Crisis

Robert Aumann

Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem

Abstract: A lecture explaining the causes of the 2008-9 world financial crisis in terms of ordinary economic processes. The lecture was delivered at the 39th St. Gallen Symposium, University of St. Gallen, Switzerland, 8 May 2009.

Pages: 5 pages
Date: 2010-02
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