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and complying. Each large bank has hundreds of regulators sitting inside, approving every deal. Lucchetti and Steinberg (2013) quote John J. Mack, Morgan Stanley's chairman and chief executive from 2005 to 2009: "Your No. I client is the government." They report that current CEO James Gorman "phones Washington
46 EFTA00611699 References Admati, Anat, and Martin Hellwig. 2012. The Bankers' New Clothes: What's Wrong with Banking and What to Do about It. Princeton NJ: Princeton University Press. Baker, Malcolm, and Jeffrey Wurgler. 2013. "Would Stricter Capital Requirements Raise the Cost of Capital? Bank Capita
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Blackwell, Ltd, 142-144. Goodman, J., Loftus, E.F. & Greene, E. (1990). A matter of money: Voir dire in civil cases. Forensic Reports, 3, 303-330. Moran, G., Cutler, B.L. & Loftus, E.F. (1990). Jury selection in major controlled substance trials: The need for extended voir dire. Forensic Reports, 3,
-838. Steblay, N.K. & Loftus, E.F. (2013) Eyewitness Identification and the Legal System. In Shafir, E. (Ed). The Behavioral Foundations of Policy. Princeton University Press, p 145-162 Wells, G. L. & Loftus, E.F. ( 2013). Eyewitness memory for people and events. In R.K. Otto and & I.B. Weiner (FA%) Handbook of Psycholog
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f its transitions and the ease with which the survival game may be embedded within it, we base our model on the haploid population-genetic model of Moran (1958).The standard version of the Moran model pairs single births and deaths such that the population size remains constant. In the absence of se
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weak selection (as opposed to 6 cc 1) shall become clear at the end of this section. The dynamics of the system is given by the frequency dependent Moran process. In each time step a randomly chosen individual is replaced by a copy of an individual chosen with probability proportional to its payoff.
ability of evolutionary stable strategies in small populations. Ecol. Model. 109, 283-294. [33] Frank, S.A., 1998. Foundations of Social Evolution. Princeton University Press, Princeton, NJ. [34] Fu, F., Wang, L., Nowak, M.A., Hauert C., 2008. Evolutionary Dynamics on Graphs: Efficent Method for Weak Selection. To be pu
ever, “US Fixed Income arkets — 2017 Outlook,” JP organ, November 23, 2016. 8. Lofti Karoui, “Credit Not
es, June 17, 2016. fs) as. 20. 22. 23. 24. Carmen M. Reinhart and enneth S. Rogoff, This Time is Different: Eight Centuries of Financial Folly, Princeton University Press, 2011. Alvin H. Hansen, “Capital Goods and the Restoration of Purchasing Power,” Academy of Political Science, 1934. Alvin H. Hansen, “Economic Pro
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