Professor Niall Ferguson covers the effectiveness of these various risk management mechanism. Discuss the pros and cons of these mechanism (or others you may be aware of). Why is risk management relevant to a course on Financial Markets?
"A sense of responsibility about one’s beliefs, a willingness to defend them if challenged, and a willingness to listen to the reasons given by others is one of the guiding ideals of civil society". -Louise Antony
"But here’s the important point: It’s by virtue of its material, neurophysiological properties that a belief causes the action. It’s in virtue of those electrical signals sent via efferent nerves to the relevant muscles, that the belief about the beer in the fridge causes me to go to the fridge. It is not by virtue of the content (there is a beer in the fridge) the belief has".—alvin plantinga