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Centennial Speaker Series – George G. Szpiro on Risky Decisions: How Mathematical Paradoxes and Other Conundrums Have Shaped Economic Science

March 16, 2021 | 12:00 PM - 1:00 PM

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Overview

This event is co-sponsored with the CFA Society New York, the Gabelli Center for Global Security Analysis, and the Museum of American Finance.

At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision-making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, so there is a long-standing tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility-maximizing, while the other draws on what behavioral science has shown about our tendency to act irrationally.

In this talk, George Szpiro will give examples of mathematical paradoxes and psychological conundrums that have led to advancements in economic science. He will challenge the audience with questions about how to make decisions, thereby showing how people who believe themselves to be rational can be led astray.

Agenda

12:00 PM | WELCOME REMARKS

Donna Rapaccioli, Dean, Gabelli School of Business, Fordham University

12:05 PM | SPEAKER INTRODUCTION

David Cowen, President, Chief Executive Officer, Museum of American Finance

12:08 PM | DISCUSSION

George G. Szpiro, Author, Numbers Rule: The Vexing Mathematics of Democracy, from Plato to the Present and Pricing the Future: Finance, Physics, and the 300-Year Journey to the Black-Scholes Equation

12:45 PM | AUDIENCE Q&A

1:00 PM | CLOSING REMARKS

David Cowen, President, Chief Executive Officer, Museum of American Finance

Co-Sponsored By

Museum of American Finance

Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

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Inclement weather

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Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

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