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Talk

Regulating the above average: Luck or skill?

Alderman Professor Michael Mainelli · Gresham College

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About

Considered thinkers from Mandelbrot ('fractals') or Keillor ('Lake Wobegon Days') to Taleb ('Black Swans') point out the absurdity of more than half of us being 'above average'. Yet financial service salesfolk presume that the financial world is full of geniuses who perform, on average, 'above average'; at the same time accountants assume everything can be marked to fair value. We shall seek out related fallacies and pose the question, 'Do these people lack intelligence or integrity?' Taking contrarian paths we uncover some disturbing points about financial regulation.

The talk

  1. Regulating the above average: Luck or skill? 2008-12-15 · YouTube

Credits and licence

Institution
Gresham College
Speaker
Alderman Professor Michael Mainelli
Year
2008
Level
For everyone
Language
English
Subjects
Business and management, Philosophy
Source
Gresham College
Licence
Educational use (Gresham College's terms), as Gresham College states it. Gresham College's terms
Attribution
Gresham College states: "We positively encourage the use of the Gresham College lecture transcripts, audio and video files for educational purposes. However, we do not allow use of Gresham College materials for commercial, personal or institutional gain."
Who can watch
Gresham College gives no rating. Invisible Network shows it to Teens profiles and older, judged from what the source says about it. How courses are placed