Richard Thaler, (Professor, The University of Chicago Booth School of Business) said: We failed to learn from the hedge fund failures of the late 90s. His messageto overconfident risk managers: Theres more risk out there than you think.
a) What do you think of Wall Street? Do we need Wall Street? Why or Why not?
b) What is “The Paradox of Thrift”? How does that apply to our current situation?
Use as many economic principles (from the textbook and other sources) as you can in answering the questions.
As a guideline, each of the10 pointswill be derived from the following:
Post your answer (400-500 words) to the posted DQresponding to the matter asked, instead of repeating the question or not attending to the question. Substantive answers include making comments using concepts found in the assigned reading materials or offering examples from your experience. Hence merely providing a brief yes, I agree or no, I do not agree postings are not adequate posts
Write in correct grammar; any errors will translate to a deduction in points.
Check for the spelling; any errors will deduct points.
Your responses must be substantive that include your own thoughts, supported withresearch(at least two external sources other than textbook, and you must quote these sources).
You get one point when you respond to one of your classmates posts, also with substantive comments (100-200 words).
One more point when you respond to another classmates post (100-200 words).
One point for collaboration. It is intended that your involvement in discussions be of a collaborative nature. Collaboration spirit is quite different from confrontation.
Deadline: due date for each DQ will be onMonday night 11.55pm, but you are free to make your comments prior to Monday night. One point will be deducted for each day of late submission.
Creativity: offer a creative solutions or ideas or impact on other fields, in addition to the obvious socio-economic impacts of each topic.
Offer a future recommendation or alternative options for the future with regard to the topic in question.
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