Events Quote by Robert J. Shiller
“We should not be focusing on quick solutions. The really important concern for policymakers everywhere is to prevent disasters - that is, the outlier events that matter the most.”
About This Quote
Source Speech: Economic Outlook, Robert J. Shiller, 2022
Policymakers should prioritize preventing rare, high‑impact catastrophes over quick fixes.
In simple terms: Focus on preventing rare disasters.
Plan for low‑probability, high‑impact events.
Themes
Mood
Type
When to use this quote
- government budgeting
- infrastructure design
- climate policy
- financial regulation
Key Concepts
Questions to Reflect On
- What rare events could your organization overlook?
- How can you allocate resources to low‑probability risks?
Quick fixes may ignore deeper systemic vulnerabilities.