An opera singer inn southern italy, very mediocra opera singer will have his audience. He's gong to getbook for for for birthday parties. The more information al economic life is, the more it can deliver large deviations. Thats sort of the idea i had, which is very good over all, by the way.
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.