Nassim Nicholas Taleb on the Precautionary Principle and Genetically Modified Organisms
EconTalk
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Is There a Difference Between Harm and Ruin?
i learn from your paper is really a distinction between harm and ruin. For many probable distribution there theres a completely ling between variation and ruin. If i received the mexican pesso for every time some one mentioned a great moderation to me, that the world is becoming las safer because it's less volatile, sae, i would probably own a er big strip of land in northern mexico. So so in fattale domain, you have to be very careful, because the tale is absorbing. It's a lot word, but that's only money. But when talk about thes vimons, vastly worse as this is not reneable g aheadnow.
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