How Disaster Risk Is Priced into the Stock Market

In normal years, investing in equities can reap extremely healthy returns. But not all of that ROI is based on what you’d think. Some of it is rooted in the fear that everything could go terribly, unexpectedly wrong, Wharton’s Jessica Wachter says.

The Joseph H. Lauder Institute
256 South 37th street
2nd Floor
Philadelphia, PA 19104-6330