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Risk, Uncertainty, and the Real Economy | 13 comments (13 topical, editorial, 0 hidden)
Quite so ... (none / 1)
... like I told my students, back when I had students, you diversify to protect against stochastic risk, and build institutions to protect against true uncertainty.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Tue Feb 12th, 2008 at 08:56:58 PM EST

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Risk, Uncertainty, and the Real Economy | 13 comments (13 topical, 0 editorial, 0 hidden)
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