The Stephen Wolfram Podcast cover image

A conversation between Nassim Nicholas Taleb and Stephen Wolfram (July 2, 2021) [Part 1]

The Stephen Wolfram Podcast

00:00

Is There a Numerar Idea?

Economics as we know it, with things like arbitrage, wouldn't work unless there was this numerar idea. I don't think in terms of option. So it's harder for me to say that because yo, have skewed two lognormal distributions, each one scued in a different direction. And too, your dynamics for your numerar o, i would never be symmetric tog dynamics. Inyounow, we have some analogies to this in the physics project about kind of what it means to construct space time and so on.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app