Anatomy of Foolishness: The Overlooked Problem of Risk-Unawareness

Just days after publishing his first book on the theory of foolishness, Stephen Greenspan learned that he had been hoodwinked by Bernard Madoff’s Ponzi scheme, or more accurately the Madoff “feeder” fund he invested in. Greenspan published a featured essay on the topic in the Wall Street Journal a few weeks later, and that essay was widely cited and attracted great interest for Greenspan’s ideas about gullibility and in the United States and many other countries. Greenspan’s new book, The A...