Many economists argued that these clever models were flawed, because the punishment threat was not credible, particularly in the case of a systemic meltdown affecting a large part of the financial system. But the papers were published anyway, and the ideas were implemented.
许多经济学家认为这些聪明的模型是有漏洞的，因为惩罚威胁并不可信，特别是在系统性崩溃威胁到金融系统大部的时候。但论文还是大量地发表了，论文中的观点也被实行了。产生了什么结果就不用我说了。