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Tag Archives: value at risk

Nassim Taleb on the Financial Crisis

From EconTalk.org (Includes full transcript). Direct link to mp3 interview 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. […]