Money and Finance
- Nassim Taleb Quote
“Nature prefers to let the game continue at the informational level, the genetic code. So organisms need to die for nature to be antifragile—nature is opportunistic, ruthless, and selfish.” –Nassim Taleb, Antifragile ...
- Nate Silver: It's The Numbers, Stupid
The poker player and baseball nerd turned political forecaster won fame after predicting the result of the US election with uncanny accuracy. And as his star rises so too does that of a whole new generation of 'quants' leading the digital revolution...
- How To Prevent Other Financial Crises – By Nassim Nicholas Taleb And George A. Martin
This article argues that the crisis of 2007–2008 happened because of an explosive combination of agency problems, moral hazard, and “scientism”—the illusion that ostensibly scientific techniques would manage risks and predict rare events in spite...
- Kevin Kelly On Econtalk
Kevin Kelly, author of What Technology Wants, talks with EconTalk host Russ Roberts about technology and the ideas in the book. Kelly argues that technology is best understood as an emergent system subject to the natural forces underpinning all emergent...
- Aloe Vera Plant Usage Research
Ok, I have lots of Aloe Vera plants in my garden. I know Aloe can be great for your skin - gel from the aloe plant will help with cuts, burns, acne, moisturize and heal skin. I should use it more for skin. I like this article on Ehow: http://www.ehow.com/how_5173092_use-gel-its-many-benefits.html...
Money and Finance
Taleb on Skin in the Game
Nassim Taleb of NYU-Poly talks with EconTalk host Russ Roberts about his recent paper (with Constantine Sandis) on the morality and effectiveness of "skin in the game." When decision makers have skin in the game--when they share in the costs and benefits of their decisions that might affect others--they are more likely to make prudent decisions than in cases where decision-makers can impose costs on others. Taleb sees skin in the game as not just a useful policy concept but a moral imperative. The conversation closes with some observations on the power of expected value for evaluating predictions along with Taleb's thoughts on economists who rarely have skin in the game when they make forecasts or take policy positions.
- Nassim Taleb Quote
“Nature prefers to let the game continue at the informational level, the genetic code. So organisms need to die for nature to be antifragile—nature is opportunistic, ruthless, and selfish.” –Nassim Taleb, Antifragile ...
- Nate Silver: It's The Numbers, Stupid
The poker player and baseball nerd turned political forecaster won fame after predicting the result of the US election with uncanny accuracy. And as his star rises so too does that of a whole new generation of 'quants' leading the digital revolution...
- How To Prevent Other Financial Crises – By Nassim Nicholas Taleb And George A. Martin
This article argues that the crisis of 2007–2008 happened because of an explosive combination of agency problems, moral hazard, and “scientism”—the illusion that ostensibly scientific techniques would manage risks and predict rare events in spite...
- Kevin Kelly On Econtalk
Kevin Kelly, author of What Technology Wants, talks with EconTalk host Russ Roberts about technology and the ideas in the book. Kelly argues that technology is best understood as an emergent system subject to the natural forces underpinning all emergent...
- Aloe Vera Plant Usage Research
Ok, I have lots of Aloe Vera plants in my garden. I know Aloe can be great for your skin - gel from the aloe plant will help with cuts, burns, acne, moisturize and heal skin. I should use it more for skin. I like this article on Ehow: http://www.ehow.com/how_5173092_use-gel-its-many-benefits.html...