Black Swans, Ostriches, and Ponzi Schemes
15 Pages Posted: 18 Aug 2012
Date Written: August 17, 2012
This essay discusses the relative culpability of the people who invested in Bernie Madoff's Ponzi scheme as well as some of the legal opinions in the case.
Keywords: bankruptcy, Ponzi schemes, culpability, psychology, social sciences, Malcolm Gladwell
JEL Classification: K1, K10, L15, L89, K2, K20, K22, K40, K42
Suggested Citation: Suggested Citation