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Black Swans, Ostriches, and Ponzi Schemes

15 Pages Posted: 18 Aug 2012  

Nancy B. Rapoport

University of Nevada, Las Vegas, William S. Boyd School of Law

Date Written: August 17, 2012

Abstract

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

Rapoport, Nancy B., Black Swans, Ostriches, and Ponzi Schemes (August 17, 2012). Golden Gate University Law Review, Vol. 42, p. 627, 2012; UNLV William S. Boyd School of Law Legal Studies Research Paper Series. Available at SSRN: https://ssrn.com/abstract=2131393

Nancy B. Rapoport (Contact Author)

University of Nevada, Las Vegas, William S. Boyd School of Law ( email )

4505 S. Maryland Parkway
Box 451003
Las Vegas, NV 89154-1003
United States
713-202-1881 (Phone)
702-895-2482 (Fax)

HOME PAGE: http://www.law.unlv.edu

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