This course examines the meaning of risk and the history of risk management from the Bronze Age through the Digital Age. This course links together our natural aversion to loss and our attempts throughout history to mitigate loss and hedge risk. Students learn about markets designed to diversify risks such as futures, forwards, and insurance along with the co-evolution of probability theory as a tool to both understand and price risks.
Sort by "All" in the top right to see previous semesters.