Discuss two ways you have transferred risk to another party in your personal life. How has that ability to transfer risk (and impact) allowed you to make better decisions, and how has it potentially caused you to make less well-thought-out decisions.

How would you change your personal investment strategies if the government guaranteed that your housing, clothing, food, and energy costs would be paid for by taxpayers, meaning that your downside risk in any investment would likely only impact your discretionary spending, not your basic needs? What impact would this type of policy have on the overall economy? What would be the non-financial cost to society for this type of policy?