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