In fact, developments or fashions in other academic disciplines and also in the general culture contributed at least as much to a willingness to engage in absurd risks and to provide and accept valuations of complex and inherently unfathomable securities. The general cultural developments are sometimes termed post-modernism, which involves the replacement of reason by intuition, feeling, and allusion.
可实际上，鼓励人们去荒唐冒险，去制造和接受高度复杂、根本看不懂的证券定价的，不仅仅是经济学家；其他学术领域乃至一般文化领域里的发展和时尚也难辞其咎。一般文化领域近年来的种种趋势有时被称为后现代主义，其内涵包括以直觉、感受和隐喻取代理性认知的倾向。