The Nuclear, You Cannot Invoke the Precaution Piscip

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Nuclear will stay local. It doesn't mean it's not risky. You se, you may bet one a bad nuclear for a risk purpose. But the nuclear, you could not have a fuku shima cannot destroynet destructions in india,. or may in india, but not in levenon. If i had he levenese lera, ill make a turkish lera. Because nowr asa love trading and turkes leara action. Have had a turkish lear every time. I heard people saying that we scientists with a zillion pish nees and do not think that these securities are very safe. Ibstain people speaking er

Nassim Nicholas Taleb, author of Antifragile, Black Swan, and Fooled by Randomness, talks with EconTalk host Russ Roberts about a recent co-authored paper on the risks of genetically modified organisms (GMOs) and the use of the Precautionary Principle. Taleb contrasts harm with ruin and explains how the differences imply different rules of behavior when dealing with the risk of each. Taleb argues that when considering the riskiness of GMOs, the right understanding of statistics is more valuable than expertise in biology or genetics. The central issue that pervades the conversation is how to cope with a small non-negligible risk of catastrophe.