28. Breakonomics, did careless reporting precipitate the global crisis?

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So we now know that top dogs in the banking sector should have paid more attention in maths class and maybe taken a compulsory lesson in ethical business practices. But what about claims that many reporters' understanding of the crisis is less than perfect and this compounds the situation? Are hyperinflated reports of the latest downturn doing more harm than good, or could (preemptive?) optimism in the media really save the economy? And would specialist science correspondents, with their 'superior grasp' of probabilities, risk and mathematical modelling, have covered the crisis differently?

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George Thomas Room
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Thursday, July 2, 2009 - 14:30 - 16:00
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