## Video-lecture with most views in financial theory

# Economics-Financial Theory-Financial Markets-Shiller-Course Introduction-Lecture 1

Professor Shiller provides the description of the course on Economics and Financial Theory. He will be accompanied by Professor Geanakopolos. Lecture 1 of 23.

# Shakespeare's Merchant of Venice and Collateral, Present Value and the Vocabulary of Finance - Financial Theory - John Geanakoplos - Lecture 7 of 26

While economists didn't have a good theory of interest until Irving Fisher came along, and didn't understand the role of collateral until even later, Shakespeare understood many of these things hundreds of years earlier.

# Efficiency, Assets, and Time - Financial Theory - John Geanakoplos - Lecture 4 of 26

Over time, economists' justifications for why free markets are a good thing have changed. In the first few classes, we saw how under some conditions, the competitive allocation maximizes the sum of agents' utilities. When it was found that this pr...

# The Mutual Fund Theorem and Covariance Pricing Theorems - Financial Theory - John Geanakoplos - Lecture 23 of 26

This lecture continues the analysis of the Capital Asset Pricing Model, building up to two key results. One, the Mutual Fund Theorem proved by Tobin, describes the optimal portfolios for agents in the economy. It turns out that every investor shou...

# Risk Aversion and the Capital Asset Pricing Theorem - Financial Theory - John Geanakoplos - Lecture 22 of 26

Until now we have ignored risk aversion. The Bernoulli brothers were the first to suggest a tractable way of representing risk aversion. They pointed out that an explanation of the St. Petersburg paradox might be that people care about expected ut...