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Behavioural economics: Difference between revisions
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:*Derivatives | :*Derivatives | ||
*Integrity of process is paramount: If the process is perfect, there is no risk | *Integrity of process is paramount: If the process is perfect, there is no risk | ||
*Risk is bad | *We have banished risk; and that [[Risk - Risk Article|risk]] is bad | ||
:*Risk is ''inevitable'' | :*Risk is ''inevitable'' | ||
:*Risk is a condition precedent to return. Understand and manage risks; don’t try to banish them. | :*Risk is desirable: it is a [[condition precedent]] to ''return''. | ||
* | :*Understand and manage risks; don’t try to banish them. | ||
*This time it is different | |||
===Machines versus humans=== | ===Machines versus humans=== | ||