Do You Cross the Street?

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Aristotle's philosophy of action and idos ethics has a paradox that w remain olselve and sol ens as follows: courage is the highest virtue, and at the same time, prudence in th highest virtue. How could you be both valuing courage, which is risk-taking, and avoiding some class s a risk? Well it turns out because i save collection of children from drowning, effectively I have reduced my life expectancy but more numerous children do not. But if you start doing things about other things like fervelle we're confident that we saw that Paradox wasn't seen by Aristotelian philosophers until now. We were probably gong to publish something on this topic

Nassim Nicholas Taleb, author of Skin in the Game, talks with EconTalk host Russ Roberts about the ideas in the book. This is the third episode of EconTalk with Taleb related to the general topic of skin in the game and how it affects decision-making and policy in an uncertain world. This episode focuses on rationality, religion, and the challenge of thinking about probability and risk correctly in a dynamic world.