Scaling the Heights of Corporate Greed: Chafkin and Lo on Risk - Freakonomics Blog - NYTimes.com

Great read! You will love the analogy to the Mount Hood tragedy (and if you teach will likely use it in class).Scaling the Heights of Corporate Greed: Chafkin and Lo on Risk - Freakonomics Blog - NYTimes.com: "Much of neoclassical economics is based on the assumption that individuals act rationally and that markets fully reflect all available information, i.e., markets are informationally