With them dropping Bond into a box today I thought it was a good time to reflect and reminisce on the 1980’s. One of the good things about having been around so long is that you get a keen sense of the history of the markets – this is one of the things the fly…
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This got a run sometime ago but following a conversation I had during the week it deserves another go.
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Thaler has a mischievous mind. At the same time that he was producing his math-heavy dissertation, he started asking people two questions. The first: How much would you pay to eliminate a mortality risk of 1 in 100,000? The second: How much would you have to be paid to accept a mortality risk of 1 in 100,000?…
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