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{{a|risk|}}The one type of known that doesn’t appear in Rumsfeld’s taxonomy, but which should: things you know but you | {{a|risk|}}The one type of known that doesn’t appear in [[Rumsfeld’s taxonomy - Risk Article|Donald Rumsfeld’s taxonomy]], but which ''should'', since it is probably the source of more catastrophic events of our time than any of the others: things you ''do'' know, but you don’t ''know'' you know. Things you have ''forgotten''; things you are in ''denial'' about; | ||
unpleasant realities to which you are presently not facing up. | |||
A significant source of {{risk|risk}}, as the repeal of the [[Glass-Steagall Act]] in 1999 by the [[Financial Services Modernization Act of 1999]] ably demonstrates. | As Slovenian philosopher [[Slavoj Žižek]] eloquently puts it: “the disavowed beliefs, suppositions and obscene practices we ''pretend'' not to know about, even though they form the background of our public values”. | ||
A significant source of {{risk|risk}}, as the repeal of the [[Glass-Steagall Act]] in 1999 by the [[Financial Services Modernization Act of 1999]], and the continued use, even now, of the [[Black-Scholes]] option pricing methodology, ably demonstrates. | |||
{{sa}} | {{sa}} | ||
*{{risk|Rumsfeld’s taxonomy}} | *{{risk|Rumsfeld’s taxonomy}} | ||
*{{Risk|Risk taxonomy}} | *{{Risk|Risk taxonomy}} | ||
*[[LTCM]] | |||
*[[Global financial crisis]] | |||