Enlightenment Economics

The Invisible Hand and The Invisible Gorilla: The Economics and Psychology of Scarce Attention

The Invisible Hand and The Invisible Gorilla: The Economics and Psychology of Scarce Attention prepared for IDEI, Toulouse School of Economics
One of the questions many people asked after the financial crisis was why so few economists and policymakers had seen the warning signals. This report of a high-level conference of economists and cognitive scientists look at why so often nobody pays attention to clear signals.