Fallacies of Finance

The video features a discussion with a professor from Tufts University about his book, 'A Call for Judgment.' The book critiques modern finance theory, highlighting its reliance on flawed assumptions about risk and probability. The author argues for a more nuanced, case-by-case approach to financial judgment, emphasizing the importance of considering fundamental uncertainty. He critiques the mass production of financial instruments based on these flawed models, which can lead to systemic issues in the financial industry.

What is the title of the new book written by Thomas Schmidt Heiney?

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How does the author describe the current state of the world economy?

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What does the author mean by 'fundamental uncertainty' in finance?

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Why does the author argue that finance should not rely solely on statistical data?

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What assumptions does finance theory make about risk and probability?

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What is the author's perspective on the use of historical data in predicting future financial outcomes?

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How does the author suggest we should approach financial judgments?

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