Flawed Thinking and the Financial Meltdown

From the front lines of subprime mortgage lending, all the way through to the glittering towers of structured finance, almost everyone willingly accepted flawed assumptions rather than seeking empirical support for their decisions. So, how could this happen? Why was everyone so gullible? What can be done to make sure it doesn't happen again? We'll provide some answers.

Financial risk management is one area in which the enormous potential of evidence-based management is abundantly clear.  The present ec.....