Massive Financial Crisis

Massive Financial Crisis

Assessment

Interactive Video

Business, Social Studies

11th Grade - University

Hard

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The video discusses the need for a financial safety board akin to the National Transportation Safety Board to analyze financial disasters. It draws an analogy between financial crises and airplane disasters, emphasizing the complexity of the global financial system. The video explores who benefits from financial crises, including hedge funds and regulators, and examines the role of human behavior and technology in these events. It concludes by linking Buddhism and brain science to financial regulation, suggesting a need for a higher level of consciousness to prevent future financial meltdowns.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the proposed function of the independent agency mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker compare the complexity of the global financial system to that of a Boeing 747?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What insights does the speaker draw from the Challenger disaster in relation to financial crises?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do human frailties play in financial crises according to the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the dopamine system in the context of financial decision-making?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker relate the concept of suffering to financial behavior?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest is necessary for understanding human behavior in financial contexts?

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