The Economics of Uncertainty
Where to Watch The Economics of Uncertainty
24.
Stress Testing Your Finances
2015-05-29
Close by learning how to take the economic "stress test," inspired by bank evaluations made in the wake of the 2008 financial crisis. This simple exercise helps you anticipate the most significant reversals you are likely to meet, helping you approach uncertainty with confidence and calm.
Watch The Economics of Uncertainty Season 1 Episode 24 Now
23.
Hedging Business and Personal Risks
2015-05-29
Examine tools that professionals use to hedge against financial risk, such as forward contracts and financial options. Study the suitability of these instruments for individuals.
Watch The Economics of Uncertainty Season 1 Episode 23 Now
22.
No Limits to Growth
2015-05-29
Look at possible catastrophes that are decades away: alarming trends such as overpopulation, scarcity of raw materials, and environmental degradation. Observe that society has so far escaped the worst predictions of experts, and explore why that is and what the future may really hold.
Watch The Economics of Uncertainty Season 1 Episode 22 Now
21.
Global Trade in Employment
2015-05-29
Free trade produces uncertainty and anxiety in economic players at all levels. Understand how comparative advantage governs who benefits in the competition for international trade.
Watch The Economics of Uncertainty Season 1 Episode 21 Now
20.
Regulation, Innovation, Excess
2015-05-29
Government policies are a major source of uncertainty, since they can alter our lives in unpredictable ways. Study the surprising outcomes from several government interventions in the U.
Watch The Economics of Uncertainty Season 1 Episode 20 Now
19.
Extreme Markets
2015-05-29
At any given moment, some market somewhere is making headlines because it's either hitting record highs or crashing down to earth. Learn how to approach the uncertainty of financial markets with savvy and common sense.
Watch The Economics of Uncertainty Season 1 Episode 19 Now
18.
The Danger of Inflation
2015-05-29
Even in times of low inflation, no one knows when prices will take off again. Look into the causes of inflation, efforts to control it, and the surprising wisdom of promoting a small degree of inflation.
Watch The Economics of Uncertainty Season 1 Episode 18 Now
17.
The Business Cycle's Wheel of Fortune
2015-05-29
Nothing is as certain and yet so unpredictable as the business cycle; economic expansion is invariably followed by a recession--and vice versa--but economists are at a loss to forecast the timing. Study different theories of the business cycle, and learn how to prepare for the next boom or bust.
Watch The Economics of Uncertainty Season 1 Episode 17 Now
16.
Uncertainty in the Numbers
2015-05-29
Statistics are essential tools for dealing with uncertainty, but they should be used with caution. Put numbers such as the unemployment rate and consumer price index into context, probing how such statistics are measured and what the sampling error and confidence interval say about their reliability.
Watch The Economics of Uncertainty Season 1 Episode 16 Now
15.
Mayhem! Insurance Protection
2015-05-29
Investigate the multitude of ways you can insure against misfortune, from extended warranties to travel insurance to identity-theft protection--not to mention health, car, home, and life insurance. Learn how insurance products work, and get tips on what you should cover and at what value.
Watch The Economics of Uncertainty Season 1 Episode 15 Now
14.
Caring, Sharing, and Risk Bearing
2015-05-29
Altruism is more complicated than simple selflessness. Instead, it may be the world's oldest and most effective risk-sharing system.
Watch The Economics of Uncertainty Season 1 Episode 14 Now
13.
Compensation Traps
2015-05-29
Delve into the uncertain realm of compensation contracts, which ideally motivate employees to do a good job, but too often have unintended consequences. Survey the pluses and minuses of efficiency wages, piecework, milestone payments, commissions, promotions, stock options, and other incentives.
Watch The Economics of Uncertainty Season 1 Episode 13 Now
12.
The Principal-Agent Problem: When Mice Play
2015-05-29
Focus on a special case of moral hazard: the principal-agent problem, in which an agent is appointed to handle a matter beyond the expertise of the person doing the hiring (the principal). The agent may easily take unfair advantage of this situation, which covers everything from home repair to government contracting.
Watch The Economics of Uncertainty Season 1 Episode 12 Now
11.
Moral Hazard: Whom Do You Trust?
2015-05-29
Examine another outcome of asymmetric information: the moral hazard problem. This peril arose spectacularly in the 2008 financial crisis, with the widespread sale of bad loans to unwitting investors.
Watch The Economics of Uncertainty Season 1 Episode 11 Now
10.
Adverse Selection: Hiding in Plain Sight
2015-05-29
Adverse selection occurs when the lack of information by one party leads to a distorted result. See how this situation surfaces in many different contexts, from used car sales to investment deals to Internet purchases.
Watch The Economics of Uncertainty Season 1 Episode 10 Now
9.
Game Theory: Reveal or Conceal?
2015-05-29
Use game theory to shed light on strategic interactions, which are competitive transactions involving people or organizations. Such interactions can range from negotiating the sale of a house to pricing products for maximum sales.
Watch The Economics of Uncertainty Season 1 Episode 9 Now
8.
Gambling Economics
2015-05-29
Gambling makes some people nervous, but it gives valuable insight into any type of risk-taking activity, including investing and entrepreneurship. Explore the role of games of skill and chance in the economy, and apply their lessons to activities such as banking and retirement planning.
Watch The Economics of Uncertainty Season 1 Episode 8 Now
7.
Decision Science Tools
2015-05-29
When is a risky project worth doing? Learn how corporate managers decide whether they should undertake a new enterprise.
Watch The Economics of Uncertainty Season 1 Episode 7 Now
6.
The Reward in Risk
2015-05-29
Having learned to convert uncertainty to risk in Lecture 2, now go deeper by investigating how probabilities can gauge rewards and risks. Test risk-assessing tools used in finance, including expected value, variance, standard deviation, coefficient of variation, Sharpe ratio, covariance, and beta.
Watch The Economics of Uncertainty Season 1 Episode 6 Now
5.
How We Misjudge Likelihood and Risk
2015-05-29
Improve your ability to handle uncertainty by studying two ways that people reach decisions. System 1 excels at making snap judgments, while System 2 is analytical, methodical, and more time-consuming.
Watch The Economics of Uncertainty Season 1 Episode 5 Now
4.
Probability: Frequency or Belief?
2015-05-29
Examine two different types of probability. Frequency-based probabilities rely on many examples of a phenomenon, while subjective probabilities call on personal experience and judgment, often drawing on relatively few cases.
Watch The Economics of Uncertainty Season 1 Episode 4 Now
3.
Five Ways to Face the Unknown
2015-05-29
In dealing with uncertainty, it makes sense to have an arsenal of different strategies. Explore five techniques for risk management that can be used in every sphere of life: producing information, diversifying, sharing risk, avoiding risk, and absorbing risk.
Watch The Economics of Uncertainty Season 1 Episode 3 Now
2.
Turning Uncertainty into Risk
2015-05-29
When faced with an uncertain situation, try turning it into a "risky" situation. Risk is probability.
Watch The Economics of Uncertainty Season 1 Episode 2 Now
1.
Man, Nature, and Economic Uncertainty
2015-05-29
Professor Fullenkamp begins with "black swan" events--occurrences that are considered as improbable as black swans. A notable recent example is the 2008 financial crisis.
Watch The Economics of Uncertainty Season 1 Episode 1 Now
The Economics of Uncertainty is a series categorized as a new series. Spanning 1 seasons with a total of 24 episodes, the show debuted on 2015. The series has earned a no reviews from both critics and viewers. The IMDb score stands at undefined.
How to Watch The Economics of Uncertainty
How can I watch The Economics of Uncertainty online? The Economics of Uncertainty is available on The Great Courses Signature Collection with seasons and full episodes. You can also watch The Economics of Uncertainty on demand at Amazon Prime, Kanopy, Amazon online.
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Channel
The Great Courses Signature Collection
Cast
Connel Fullenkamp, Duke University
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