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Todd Suomela's Library tagged opacity →  View Popular, Search in Google

Jan
14
2012

"Finance has always been complex. More precisely it has always been opaque, and complexity is a means of rationalizing opacity in societies that pretend to transparency. Opacity is absolutely essential to modern finance. It is a feature not a bug until we radically change the way we mobilize economic risk-bearing. The core purpose of status quo finance is to coax people into accepting risks that they would not, if fully informed, consent to bear."

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banking complexity opacity transparency game-theory risk money economics

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