in The Review of Economic Studies
April 2013; p ublished online October 2012 .
Journal Article. Subjects: Financial Markets; Economics; Microeconomics; Economic Sociology; Prices, Business Fluctuations, and Cycles; Production and Organizations; Information, Knowledge, and Uncertainy. 17063 words.
This article investigates collective denial and willful blindness in groups, organizations, and markets. Agents with anticipatory preferences, linked through an interaction structure,...