Lecture 24 - Risk, Return, and Social Security
recorded by: Yale University
published: March 17, 2012, recorded: December 2009, views: 3390
released under terms of: Creative Commons Attribution No Derivatives (CC-BY-ND)
Download yalemecon251f09_geanakoplos_lec24_01.mp4 (Video - generic video source 847.4 MB)
Download yalemecon251f09_geanakoplos_lec24_01.flv (Video 370.9 MB)
Download yalemecon251f09_geanakoplos_lec24_01_640x360_h264.mp4 (Video 221.9 MB)
Download yalemecon251f09_geanakoplos_lec24_01.wmv (Video 333.9 MB)
Report a problem or upload filesIf you have found a problem with this lecture or would like to send us extra material, articles, exercises, etc., please use our ticket system to describe your request and upload the data.
Enter your e-mail into the 'Cc' field, and we will keep you updated with your request's status.
This lecture addresses some final points about the CAPM. How would one test the theory? Given the theory, what's the right way to think about evaluating fund managers' performance? Should the manager of a hedge fund and the manager of a university endowment be judged by the same performance criteria? More generally, how should we think about the return differential between stocks and bonds? Lastly, looking back to the lectures on Social Security earlier in the semester, how should the CAPM inform our thinking about the role of stocks and bonds in Social Security? Can the views of Democrats and Republicans be reconciled? What if Social Security were privatized, but workers were forced to hold their assets in a new kind of asset called PAAWS, which pay the holder more if the wage of young workers is higher?
Link this pageWould you like to put a link to this lecture on your homepage?
Go ahead! Copy the HTML snippet !