Taleb: Exposure over Probability

An ETH sponsored meeting and debate between Nassim Taleb and Didier Sornette. Edited to eliminate the parts of the conversation not involving either but otherwise comprehensive.A "diplomatic debate" is defined by Taleb as a conversation in which one looks for synthesis (as opposed to one in which one is trying, as in war, to win the argument, as with political debates). Clearly this type of debate only works when the two parties have mutual respect for each other.

Original: https://www.youtube.com/watch?v=vuvbghZuM8U