However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than… - Daniel Kahneman

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However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.