There's something people call dread risk. We are wired for er, er, some classes of risk avoidance. It makes us overestimate the os of some event at the expense of others. For example, i don't care about the computation of that hadron calider. I just don't want it to take place s some risks that you overestimate.
Nassim Taleb, author of The Black Swan and Fooled by Randomness, talks with EconTalk host Russ Roberts about his latest thoughts on robustness, fragility, debt, insurance, uncertainty, exercise, moral hazard, knowledge, and the challenges of fame and fortune.