Education For All

www.edforall.net

Text size
  • Increase font size
  • Default font size
  • Decrease font size

Lectures (Video)

Course Home

Financial Markets - Lecture 3

Get the Flash Player to view video.
Lecture 3 - Technology and Invention in Finance

Technology and innovation underlie finance. In order to manage risks successfully, particularly long-term, we must pool large amounts of risk among many, diverse people and overcome barriers such as moral hazard and erroneous framing. Inventions such as insurance contracts and social security, and information technology all the way from such simple things as paper, and the postal service to modern computers have helped to manage risks and to encourage financial systems to address issues pertaining to risk. The tax and welfare system is one of the most important risk management systems.

Prof. Robert Shiller
ECON 252 Financial Markets, Spring 2008
(Yale University: Open Yale)
http://oyc.yale.edu
Date accessed: 2009-01-06
License: Creative Commons BY-NC-SA

Lecture Material

Not Available.


 

Translate

Chinese (Simplified) French German Italian Japanese Korean Portuguese Russian Spanish
More educational resources: