'I'm trying to provide data showing exactly at universities had negative contribution to knowledge compared to practitioners,' he says. 'It is hard to accepttat what iam doing for my next piece of work is is avery general thing, like the black on historical.' He adds: 'i don't awow people dofind intellse, succeeding er'.
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.