Wetelinefact is as follows, they are environment or they are thinks. They are units that have a life expectancy that increases with time. For example, a broadway show that been round for 300 days is likely now to has a life expectancy oft coneditial days, tototal, 600. So you can use that rule for decision making.
Nassim Nicholas Taleb talks with EconTalk host Russ Roberts about the manuscript version of his forthcoming book, Skin in the Game. Topics discussed include the role of skin in the game in labor markets, the power of minorities, the Lindy effect, Taleb's blind spots and regrets, and the politics of globalization.