Nassim Nicholas Taleb, “On the Financial Crisis” (MP3 audio), Econtalk, 2009/03/29

After a high-impact, low-probability events occurs, can we recover?

Nassim Taleb talks 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.

Taleb on the Financial Crisis | EconTalk | Library of Economics and Liberty

MP3 audio

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David Ing blogs at coevolving.com , photoblogs at daviding.com , and microblogs at http://ingbrief.wordpress.com . See .

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