The standard argument for the political power of minorities is that even so called democracies that have or majority replaced some role, there are not majority rule systems. And given those institutions, a minorities with intense preferences will often get their way in a way that might be surprising,. Even though they were only a small minority. That's the standard argument for why minorities are politically powerful. If you're inecula, your right is exactly the same av i exest same mechanism. Whybecausei's the samei. When wen wn you metid mathematically, you notice that it's the same nonlinear assumption were were, and the cost matters very little. An almost alte situation.
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.