Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis
Examines how perverse incentives in finance contributed to excessive risk-taking and the 2008 financial crisis.
About This Book
This book explores the role of incentives in shaping behavior within financial institutions.
It analyzes how certain practices encouraged excessive risk-taking using other people's money.
The discussion focuses on the systemic factors that led to the financial crisis.
Readers gain insight into the relationship between incentives and economic outcomes.
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