Here's a link to a wonderful talk among Daniel Kahneman and NNT over the recent crisis and its causes...Daniel Kahneman is a nobel laureate and is noted for his works in behavioural finance and hedonic psychology. Prospect Theory (Kahneman & Tversky, 1979) is his most notable contribution and the theory developed as an alternative to expected utility theory.
http://www.simoleonsense.com/video-daniel-kahneman-nassim-taleb-dld-conference/
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