Explain how greenspan was guilty of the law of small numbers What was the Fed's initial response
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Explain how greenspan was guilty of the law of small numbers
What was the Fed's initial response the crisis (before Bear Stearns)
What is the problem with VAR models
Expert Answer:
1 Greenspan and the Law of Small Numbers The Law of Small Numbers is a cognitive bias that refers to the tendency to draw conclusions based on a small sample size or a limited set of observations In t... View the full answer
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