Scientists explain this blindness as a misallocation of attention.
"It's a misallocation of capital," Mr. Girouard said.
They promote a misallocation of resources in the economy, namely, the over-consumption of fossil fuels.
But overinflated stock prices create a misallocation of capital and, eventually, losses for shareholders.
Beyond education, the American economy seems to be suffering from a misallocation of resources.
The rush to provide newborn drop-off centers is certainly a misallocation of effort.
Iconoclasts view it as a hollow alliance that has plainly outlived its usefulness and represents a misallocation of scarce resources.
"That's a misallocation of funds," said Mr. Vallely, director of the Vietnam program at the Harvard Institute of International Development.
According to Chandrasekaran, both McChrystal and Lute recognized this as a misallocation of forces but did not correct it.
High inflation disrupts steady growth, and by blurring movements in relative prices it leads to a misallocation of resources.
The problem with modern finance "isn't just about excessive rents and a misallocation of capital," Paul Woolley said.
