Financial, economic actions during crisis may be rational, if not ethical

Wild stock market gyrations and runs on toilet paper as well as other home goods might seem like acts spurred by financial and economic fear and panic. But Paolo Pasquariello sees such reactions as rational—if not always ethical—in a time of a global pandemic, which affords economists and policymakers the opportunity to develop problem-solving approaches. Pasquariello, a finance professor at the Ross School of Business, shares his experiences and lessons learned from past crises.

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