The Hidden Risks of "I Know Something You Don't" - Raghavendra Rau

Watch the Q&A session here: https://youtu.be/7pvF4FdbYWUThis lecture explores how information asymmetry leads to adverse selection and moral hazard, with a focus on their presence in financial markets and institutions such as insurance and credit markets. It will examine how regulations intended to solve a particular set of issues might exacerbate problems, potentially resulting in financial crises or other disastrous events.This lecture was recorded by Raghavendra Rau on 20th January 2025 at Barnard's Inn Hall, LondonRaghu is the Mercers School Memorial Professor of BusinessHe is also the Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School.The transcript of the lecture is available from the Gresham College website: https://www.gresham.ac.uk/watch-now/hidden-risksGresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: https://www.gresham.ac.uk/get-involved/support-us/make-donation/donate-todayWebsite:  https://gresham.ac.ukTwitter:  https://twitter.com/greshamcollegeFacebook: https://facebook.com/greshamcollegeInstagram: https://instagram.com/greshamcollegeSupport Us: https://www.gresham.ac.uk/get-involved/support-us/make-donation/donate-todaySupport the show