Nassim Nicholas Taleb on the Financial Crisis
EconTalk
00:00
Is Complexity Rising After 19 95?
complexity started rise ing in 19 95. And the risk of cascades increases. The internet, why? Lizie says she thinks it's because people are concentrating on their income. She argues that this leads to large right hand tails for a very small group of people. But also could be negative tales for someone with exposure.
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