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Lecture 14 - Quantifying Uncertainty and Risk

Lecture 14 - Quantifying Uncertainty and Risk

This video was recorded at YALE - ECON 251 - Financial Theory. Until now, the models we've used in this course have focused on the case where everyone can perfectly forecast future economic conditions. Clearly, to understand financial markets, we have to incorporate uncertainty into these models. The first half of this lecture continues reviewing the key statistical concepts that we'll need to be able to think seriously about uncertainty,...

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