When you're sick, you like to use a doctor. Ocavet increased your chance of deatha particly hostile andthing increased wath time instead of decreasing. Hospitalization was was, was very bad for you. And an ned quadruples at the risk of death. So oa has a survival isinas. Does that explain why we find economists so appealing, despite the number of times they've failed us? It's this desperate desire to find some comfort, some insurance, some some one's taking care of us. Some one has a model, some one has a theory. Same thing that we've had with medicine. You see, mother nature is the best healer
Nassim Taleb, author of The Black Swan and Fooled by Randomness, talks with EconTalk host Russ Roberts about his latest thoughts on robustness, fragility, debt, insurance, uncertainty, exercise, moral hazard, knowledge, and the challenges of fame and fortune.