Economists not only failed to anticipate the financial crisis; they may have contributed to it—
with risk and derivatives models that, through spurious precision and untested theoretical …

The economics profession appears to have been unaware of the long build-up to the current
worldwide financial crisis and to have significantly underestimated its dimensions once it …

Авторы статьи полагают, что экономисты-теоретики не обращали внимания на
явления, подготавливавшие мировой финансовый кризис, и серьезно недооценили его …

The dynamism of science has been catalytic for human prosperity in recent history.
Conventional perspectives of the ivory tower model of modern science are, however, rivalled …

We study the value of information in financial markets by asking whether having more
information always leads to higher returns. We address this question in an experiment …

Many researchers have conducted experiments to study different aspects of insider trading.
Experimental laboratory asset markets allow the researcher to control parameters that are …

We analyze collateralized loan obligation (CLO) transactions by European banks (1997-
2004), trying to identify firm-specific and macroeconomic factors influencing an institution's …

This paper presents results from experimental asset markets with asymmetric fundamental
information. We observe leptokurtic returns and a slowly decaying autocorrelation function of …

The Ethics of Banking analyzes the systemic and the ethical mistakes that led to the crisis. It
keeps the middle ground between excusing all failures by the argument of a systemic crisis …

Die internationale Finanzkrise hat die Dringlichkeit von Veränderungen im Verhalten vieler
Finanzintermediäre deutlich gemacht. Risikomanagementsysteme müssen verbessert und …