Looking at the Charts, Not at the Patient

The video discusses the importance of understanding the institutional context when providing scientific advice, likening it to diagnosing a patient. It highlights the role of expertise during financial crises, particularly when many prominent figures lack knowledge. The speaker shares their experience of becoming involved in policy discussions and writing a book on the financial crisis following the collapse of Lehman Brothers.

What is the significance of understanding the institutional context when giving scientific advice?

How does the analogy of medical diagnosis relate to giving advice in a regulatory environment?

What was the impact of the financial crisis on the advice given by policy circles?

What prompted the speaker to start writing about the financial crisis?

In what ways did the speaker feel distracted while writing the book during the ongoing crisis?