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Quote by Avinash Persaud

“The technical explanation is that the market-sensitive risk models used by thousands of market participants work on the assumption that each user is the only person using them.”

Quote by Avinash Persaud

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Avinash Persaud
Avinash Persaud

Avinash Persaud is a distinguished professor of finance and economics, recognized for his scholarly contributions and influential research. Born on June 22, 1966, he has made significant contributions to the field through his research and teaching. Persaud's work focuses on international finance, financial markets, and global economic issues. more

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“We gauge risk literally hundreds of times per day, usually well and often subconsciously. We start assessing risk before the disaster even happens. We are doing is right now. We decide where to live and what kind of insurance to buy, just like we process all kinds of everyday risks: we wear bike helmets, or not. We buckle our seatbelts, smoke cigarettes, and let our kids stay out until midnight. Or not.”