The Four Horsemen of the Econopocalypse

The Four Horsemen of the Econopocalypse

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Business

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The video features a discussion with the Chief Risk Officer at the University of California Board of Regents about his book, 'The End of Theory'. It critiques standard economic models, especially during crises, and introduces agent-based modeling as a more effective approach. The discussion covers the limitations of traditional economics, the concept of the Four Horsemen of the Econopocalypse, and the role of liquidity providers like Maiden Lane facilities. The speaker argues for a shift from theoretical models to narrative-driven approaches in complex systems.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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