Nobel Prize laureate Professor Robert Shiller discusses with SRP his work in the annuities space, and his goal to make markets work better.
How did you become involved in the annuities market? Professor Robert Shiller : Let me give you some background before I answer your question properly. I've been involved for many years in thinking how we can improve our economic institutions to manage individual risks better. We have a fine financial theory, but the application is difficult and getting people to do the right thing is also difficult. This goes back to a book I wrote in 1993 called Macro Markets: Creating Institutions for Manag
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