Markets Aren’t Models
Lecture no. 83 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 05 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Investigate one of the most important innovations in financial risk-management: a model called value at risk (VaR)—a workhorse for traders that has, on multiple occasions, kicked its owners pretty hard.