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At the 25th-anniversary conference of MIT’s Center for Real Estate, members of a panel on “Financial Re-Engineering” included (from left): Bengt Holmstrom, the Paul A. Samuelson Professor of Economics; Andrew Lo, director of the Laboratory for Financial Engineering at the MIT Sloan School of Management; Robert C. Merton, School of Management Distinguished Professor of Finance; and Jiang Wang...

Beyond the bubble

At Center for Real Estate conference, economists contemplate ways to make the risks of financial innovation more evident.

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