Investors underweighted systemic risk
Investors focused on the likelihood that an individual security would underperform: not at what might happen if house prices suddenly dropped ten percent, or credit markets violently contracted.
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The Global Financial Crisis »The Global Financial Crisis
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Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
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Human cognitive biases »Human cognitive biases
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Investors underweighted systemic risk
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