No one holds the extreme view that the essence of innovation is the introduction of financial instruments that are more efficient for redistributing risks among market participants.

Question

Quizplus · Accepted Answer

This statement is a straw man fallacy and misrepresents the view of innovation in finance. While some may argue for the benefits of financial instruments in risk management, it is not an extreme view to suggest that innovation is solely about financial instruments for risk redistribution. Innovation in finance encompasses a wide range of ideas and products beyond just risk management.

No One Holds the Extreme View That the Essence of Innovation