102: Eugene Soltes – Unraveling a $65-Billion Ponzi Scheme and Notorious Cases of Insider Trading
Chat With Traders
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The Failure of Reasoning
99.9% of people commit financial crimes and so most of the time we think of The popular explanation of why successful people engage in white collar conduct is because it's a a failure of reasoning That coming from the school of economics This is that people like executives weigh the expected benefits expect against the expected cost and see except the benefits they go ahead. But what I argue in the book is this actually doesn't look like in most These is so much of a failure of Reasoning but rather how I describe it a failure of intuition and executive themselves don't see the harm associated with these actions until later.
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