The_illusion_of_control_why_financial_crises_happen_and_what_we_can_and_cant_do_about_itzip May 2026

Jón Daníelsson's "The Illusion of Control" argues that modern financial regulation creates a false sense of security by focusing on external shocks rather than internal, behavior-driven risks. The book advocates for fostering a diverse, flexible financial ecosystem to manage endogenous risk and highlights the potential for AI to act as a crisis amplifier. For an in-depth review, read the analysis at LSE Review of Books . Book notes: The illusion of control, by Jon Danielsson