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Nassim Nicholas Taleb on the Financial Crisis

EconTalk

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How to Think Rationally About Probability and Uncertainty and Risk

We suffer from the hubrous problem of or overestimating our knowledge exactly. We need to reclaim those things for ourselves, and we need to be able to think about them. Imet in my book, i have my heroes, the amphecists, whosus wantet to do with the maximum they could with our theories. And whenever oneever we listen to them, guess what? We get the trouble.

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