"There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded."
Robert F. EngleTiny Panda Quotes
Quotes by Robert F. Engle
Robert F. Engle, born on November 10, 1942, in Syracuse, New York, is a distinguished economist celebrated for his groundbreaking work in econometrics and financial time series analysis. A Nobel Laureate in Economic Sciences in 2003, Engle’s innovative development of the autoregressive conditional heteroskedasticity (ARCH) model has transformed how economists understand volatility in financial markets. His research has not only advanced academic study but has also profoundly influenced practical applications in finance, shaping risk management and investment strategies worldwide. Engle's legacy continues to inspire future generations of economists and analysts.
2 quotes found
"Why not put a tax on carbon emissions. It would raise a lot of money, it would reduce the environmental damages in the future, it would solve so many problems, and it would be a much more constructive thing to do than to think about raising the income tax."
Robert F. Engle