Satyajit Das: The Cultural Transformation of the World of Finance (4/6)

Satyajit Das: The Cultural Transformation of the World of Finance (4/6)

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Interactive Video

Business

University

Hard

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The transcript discusses the stability of distribution in statistical methods, highlighting how seemingly uncorrelated returns can become correlated during financial crises. It differentiates between exogenous and endogenous risks, emphasizing the role of policymakers in shaping financial confidence. The discussion includes insights from Hyman Minsky on financial instability and critiques the reduction of risk to a mere number, arguing that it oversimplifies complex assumptions.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the stability of distributions in statistical methods?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do exogenous and endogenous risks differ according to the speaker?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does confidence play in managing financial systems, as discussed in the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of reducing risk to a number in mathematical finance?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the relationship between risk and human behavior?

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