ABSTRACT
In this chapter, I argue that epistemic failings contributed to the 2008 financial crisis, and I identify some of the specific epistemic failings that were implicated. An analysis of these epistemic failings and their means of redress is best developed by identifying “best epistemic practices,” namely policies and procedures that are likely to facilitate good judgment. I explain how best epistemic practices support good reasoning, thereby facilitating accurate judgments about risk and relative reward.
