
A conversation between Nassim Nicholas Taleb and Stephen Wolfram (July 2, 2021) [Part 1]
The Stephen Wolfram Podcast
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Is Risk Management More Important Than Science?
Risk management, surviving supersedes science. We've survived thanks to paranoia for hundreds of millions a year. And we have the right instinct to survive. It's not like you play russian roulette and then later on you can have a good run. Thereis an absorbing barrier you want to avoid. So that absorbing barrier is central foror for us. In order to make money, you must first survive. I'm not going to wait for science to be completed before making a decision. This case, the the mechanism risk mesurent become very different from scientific mechanism. i mean, es science, but, let's come back to the question of the definition of
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