Explain Why Derivatives Are, as Partnoy Says, "A Horror Show

question 42

Essay

Explain why derivatives are, as Partnoy says, "a horror show." How can we make derivatives less dangerous and frightening? Or should they be abolished altogether?

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Definitions:

Suicide Rates

A rephrased measure indicating the frequency of suicide occurrences in a specified population, usually presented as the amount of suicides per unit of population over a given time frame.

Western Asia

A region covering the westernmost part of Asia, including countries such as Saudi Arabia, Turkey, and Iran.

North America

A continent located in the Northern Hemisphere, mostly in the Western Hemisphere, including countries such as the USA, Canada, and Mexico.

Completed Suicide

A suicide attempt in which the individual actually kills him- or herself; the act is completed with his or her death.