Econ talk is part of the library of economics and liberty. Russ roberts talks to sim nicholas teleb im about his views on religion, capitalism and valu at risk. For more econ talk, go to econ talk dot org.
Nassim Taleb talks with EconTalk host Russ Roberts about the financial crisis, how we misunderstand rare events, the fragility of the banking system, the moral hazard of government bailouts, the unprecedented nature of really, really bad events, the contribution of human psychology to misinterpreting probability and the dangers of hubris. The conversation closes with a discussion of religion and probability.