Intellectual Hazard: How Conceptual Biases in Complex Organizations Contributed to the Crisis of 2008
Intellectual Hazard: How Conceptual Biases in Complex Organizations Contributed to the Crisis of 2008
复制标题
智力危害：复杂组织中的概念偏见如何导致 2008 年危机
DOI：
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发表时间：
2009
期刊：
影响因子：
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通讯作者：
Gerald Rosenfeld
中科院分区：
文献类型：
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作者：
Geoffrey P. Miller;Gerald Rosenfeld
This paper identifies an important but previously unrecognized systemic risk in financial markets: intellectual hazard. Intellectual hazard, as we define it, is the tendency of behavioral biases to interfere with accurate thought and analysis within complex organizations. Intellectual hazard impairs the acquisition, analysis, communication and implementation of information within an organization and the communication of such information between an organization and external parties. We argue that intellectual hazard was a cause of the Crisis of 2008 and suggest that this risk may be an important factor in all financial crises. We offer tentative suggestions for reforms that might mitigate intellectual hazard going forward.
