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Economic Risks


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  1. If the early years of the twentieth century were marked by a general consensus that a major war was impending, no similar consensus existed concerning the likely form that war would take. Not only the carnage of World War I, but also the nature of its alliances would have been difficult to imagine. Indeed, in 1900 many people would have predicted conflict, rather than collaboration, between France and Britain. The reasons for the eventual...more

  2. Bronfman argues that the problem with America is that while values of integrity, hard-work, the rule of law and meritocracy are exported, the advancement of opportunities is not. This is why Endeavor is such a powerful role model; it provides economic opportunities in countries where democracy cannot flourish. With the growing availability of opportunities he says, cultures change, countries evolve, and the world becomes a better and more...more

  3. Ramdas answers the questions, "How to approach womens' rights in other countries, without seeming an activist?"; "What are the universalities of human rights?" GFW has found that women in their respective countries are extremely good judges of what issues are most important, what risks are involved, and the best ways to address these problems without creating direct confrontation or conflict. They often fund groups of women, rather than...more

  4. There are several ways to examine the behaviors of organisms when they forage or hunt for food or mates. These behaviors become more complex in higher organisms, such as primates and whales, which can hunt in groups. Foragers and hunters have been shown to examine the marginal cost and marginal benefit of continuing an action and then adjust their behaviors accordingly. They are also able to handle risk by hoarding resources.

  5. One can look at biodiversity from several perspectives. An ecological point of view tries to determine how necessary diversity is for an ecosystem to function. An economic point of view tries to capture the value of the "services" nature provides for mankind. An evolutionary point of view shows how artificial the human "right" to dominance is. Finally, a personal point of view captures the emotional basis for the values that humans place...more

  6. William Sahlman, professor at Harvard Business School, maintains that entrepreneurs must manage the relationship between risk and reward, illustrating his point with the example of John Osher, creator of the very successful spin toothbrush. Specifically, Sahlman argues that entrepreneurship is fundamentally about decreasing risks and increasing the chances of success - an issue that is fundamentally related to the people in the venture.

  7. Roos gives five takeaways in his talk: 1) Take risks; 2) Don't be afraid to take a step back in your career if it will help you move forward in the long run; 3) Surround yourself with good people and give them credit; 4) Little things really matter; and 5) Integrity matters more than anything else.

  8. What kind of attitude do you bring into a situation? Are you willing to change and take risks? Bartz reminisces about a team member with a negative attitude and explains how she looks for go-getter attitudes in finding new team members.

  9. Systemic risks of credit default swaps. Financial weapons of mass destruction.

  10. Bronfman describes how Endeavor, an organization dedicated to high-impact entrepreneurship, provides entrepreneurs with the tools they need to succeed across the globe. Because of the market-based focus of Endeavor, many of the companies it supports can uphold their own growth. Using the principle of real market vitality, Endeavor entrepreneurs have built sustainable economic developments world-wide.

  11. This lecture explains what an economic model is, and why it allows for counterfactual reasoning and often yields paradoxical conclusions. Typically, equilibrium is defined as the solution to a system of simultaneous equations. The most important economic model is that of supply and demand in one market, which was understood to some extent by the ancient Greeks and even by Shakespeare. That model accurately fits the experiment from the...more

  12. Randy has learned from years of starting companies that he has developed an addiction to risk taking. A benefit of young companies is that it is easier to take risks because of the size. There may be nay-sayers, but Randy's advice is to ignore them and continue on with your plan.