Kenneth Arrow Quotes About Risk

Quotes about: Risk

• I am not really inclined to think there is any very effective regulation of the derivative securities markets that would be useful. People who go into it essentially ought to know what risks they're taking and I don't see any useful regulation.

  Kenneth Arrow

  Thinking, People, Risk

  Source: www.minneapolisfed.org

• The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me that the real things you want to hedge are real risks, for example, risks in innovation. The fact is that you'd like companies to be able to take bigger chances. Presumably one obstacle to successful R&D, particularly when the costs are large, are the risks involved.

  Kenneth Arrow

  Real, Successful, Risk

  Source: www.minneapolisfed.org

• I think the development of the venture capital system has been an example of something which is a successful improvement in risk-bearing. It doesn't exactly remove the risks at the beginning, but at least creates greater rewards at a slightly later stage and therefore encourages, say, small companies to engage in technologically risky enterprises.

  Kenneth Arrow

  Successful, Thinking, Risk

  Source: www.minneapolisfed.org

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