
Prof. Benjamin Moll, Professor of Economics at the London School of Economics
Scientific Sense ®
00:00
Is There a Correlation Between Exposure and Vulnerability?
There are two issues, right? Then one is if you, if you take the system, there's an initial conditions that we have already talked about wealth and income disparity. And because of those diverse initial conditions, your expectations of behaviors of the agents are going to be highly varied. And the shock disproportionately affect those agents, right? So now, you know, the behaviors that we expect from those agents are goingto be quite different, even from the original sort of steady state model. Yeah, no, that's exactly right.
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