CIFAR Senior Fellow and Program Co-Director George Akerlof (University of California at Berkeley) draws from a draft of his book Phishing for Phools, which he wrote with Robert Shiller (Yale University), to show how free markets are a powerful force for both good and bad. On the negative side, they systematically aim for our weak spots. They manipulate our emotional or cognitive weaknesses, attempt to block information and exploit our failure to understand that we dont know what we dont know. The talk will show how these insights play out in consumer protection, personal saving and understanding the origins of the current financial crisis. A presentation by CIFAR Senior Fellow and Program Co-Director George Akerlof (University of California at Berkeley) at the Building Better Lives & Communities symposium on Sept. 19, 2013. cifar.ca/betterlives
Posted on: Wed, 14 May 2014 19:54:22 +0000
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