Dr. Rick Bookstaber - The Psychology of Risk


Manage episode 324823212 series 1454631
By Standard Deviations with Dr. Daniel Crosby and Dr. Daniel Crosby. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Tune in to hear:

- How does Dr. Bookstaber think about and define risk in the most practical terms possible?

- Does the way people like us talk about risk differ in an overly academic way from how people in the street think about it?

- Which of the sort of commonly discussed current risks seem legitimate to Dr. Bookstaber and which might loom larger in peoples’ minds than they should?

- Why aren’t geopolitical conflicts more catastrophic to the market than they are with how intertwined the global economy is?

- How should we think about a world where you have to take risks to keep up with inflation but where asset prices seem stretched by some measures?

- Do we now live in a world that’s high-risk in theory but where governments and regulatory bodies keep the scales from tipping too far in a catastrophic direction? Were the FEDs actions during Covid-19 a singular response for a singular time in history?

- How can we be skilled risk managers when we have an asymmetry in the way we weight pessimistic vs. optimistic outcomes?



Compliance Code: 0570-OAS-4/5/2022

207 episodes