Phishing for phools | Robert Shiller | TEDxYale
A behavioral economist, Robert Shiller talks about deception and his upcoming book, "Phishing for Phools".
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5. Insurance, the Archetypal Risk Management Institution, its Opportunities and Vulnerabilities
In the beginning of the lecture, Professor Shiller talks about risk pooling as the fundamental concept of insurance, followed by references to moral hazard and selection bias as prominent problems...
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1. Why Finance?
This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street.
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