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“Paranoia’s the garlic in life’s kitchen,” remarks the central character, Maxine Tarnow, of Thomas Pynchon’s latest novel, Bleeding Edge. “You can never have too much.” Pynchon seasons his latest epic […]
Once again, the Wall Street Journal has published its annual ranking of economic forecasters. Using methods developed with the Federal Reserve Bank of Atlanta, the newspaper calculated which forecasters made […]
Getting risk wrong leads to dangers all by itself, and we will remain vulnerable to these mistakes until we let go of our naïve post-Enlightenment faith in reason and accept that risk perception is inescapably an affective system, not just a matter of rationally figuring out the facts. 
In a piece about the Barclays traders who colluded to fix the London interbank offered rate (LIBOR), the Economist declared that the LIBOR scandal “could well be global finance’s ‘tobacco moment’….[It is imperative] to change the way […]