"Insurance, the Archetypal Risk Management Institution, The Story behind AIG - Financial Markets - Robert Shiller - Lecture 5 of 23" - Video-lecture

Video-lecture, Financial Management

Description: In the beginning of the lecture, Professor Shiller talks about risk pooling as the fundamental concept of insurance, followed by references to moral hazard and selection bias as prominent problems of the insurance industry. In order to provide an explicit example from the insurance industry, he elaborates on the story behind American International Group (AIG).
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