Regulators overestimated their powers of insight and response
Regulators believed that improvements in both computer models, and in economic theory of regulation, would allow them to identify and halt any crisis before it occurred.
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The Global Financial Crisis Â»The Global Financial Crisis
Long-term causes of the financial crisis? Â»Long-term causes of the financial crisis?
Human cognitive biases Â»Human cognitive biases
Regulators overestimated their powers of insight and response
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