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Technology and Invention in Finance

Financial Markets

This lesson is part 3 of 21 in the course Financial Markets with Robert Shiller (Video Series)

Technology and innovation underlie finance. In order to manage risks successfully, particularly long-term, we must pool large amounts of risk among many, diverse people and overcome barriers such as moral hazard and erroneous framing. Inventions such as insurance contracts and social security, and information technology all the way from such simple things as paper, and the postal service to modern computers have helped to manage risks and to encourage financial systems to address issues pertaining to risk. The tax and welfare system is one of the most important risk management systems.

Watch this video by Professor Rober Shiller (Yale)

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In this Course

  • Financial Markets: Course Introduction
  • Risk and Financial Crises
  • Technology and Invention in Finance
  • Portfolio Diversification and Supporting Financial Institutions
  • Insurance, the Archetypal Risk Management Institution
  • Barron’s Criticism, Determinants of Investment Return
  • Lecture 7 – Efficient Markets
  • Lecture 8 – Theory of Debt, Its Proper Role, Leverage Cycles
  • Lecture 9 – Corporate Stocks
  • Lecture 10 – Real Estate Finance
  • Lecture 11 – Behavioral Finance
  • Lecture 12 – Misbehavior, Crises, Regulation and Self Regulation
  • Lecture 13 – Overview of Banks
  • Lecture 14 – A Brief History of AIG with Maurice “Hank” Greenberg
  • Lecture 15 – Forward and Futures Markets
  • Lecture 16 – Banking and Regulations in China with Laura Cha
  • Lecture 17 – Options Markets
  • Lecture 18 – Monetary Policy
  • Lecture 19 – Overview of Investment Banking
  • Lecture 20 – Professional Money Managers and Their Influence
  • Lecture 21 – Exchanges, Brokers, Dealers, Clearinghouses

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