Is Aas Follows Yu Have, You Can Have Zero Intelligence Players and Very Intelligent to the Market Crazy.

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The paper i sent you that you reverenced is a paper garry backer wrote a long time ago, i think in 19 62. And he shows that if people just choose randomly, they're more likely to choose less of something when its price goes up and more of something when it's down. Is aas follows yu have, you can have zero intelligence players and very intelligent to the market crazy. A wonderful idea.

Nassim Nicholas Taleb, author of Skin in the Game, talks with EconTalk host Russ Roberts about the ideas in the book. This is the third episode of EconTalk with Taleb related to the general topic of skin in the game and how it affects decision-making and policy in an uncertain world. This episode focuses on rationality, religion, and the challenge of thinking about probability and risk correctly in a dynamic world.