In this commercial for Ally Bank, Nobel Laureate Thomas Sargent is asked to predict what CD rates will be in two years—and is unable to do so. If he can’t do it, no one can. It’s a great opportunity to teach about risk sharing and diversification.
Teaching Economics with Media
In this commercial for Ally Bank, Nobel Laureate Thomas Sargent is asked to predict what CD rates will be in two years—and is unable to do so. If he can’t do it, no one can. It’s a great opportunity to teach about risk sharing and diversification.
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