Data and Models
The discussion highlights the pitfalls of relying on narrow data sets in risk models, particularly during the financial crisis. It emphasizes that models are only as reliable as the data fed into them, with a cautionary reminder of historical housing price collapses. The conversation critiques the tendency to use recent data that aligns with desired outcomes, neglecting broader trends and historical context.In this clip
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Masters in Business
John Authers, Christine Harper Discuss ‘Capital Ideas’
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