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.

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