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Tyler Cowen – Black Swans

Dave Lull sent this link in. I like Tyler Cowen. He’s a smart cookie. I know him from various interviews over at EconTalk. I always wondered what he looked like, as he has an oddish way of speaking.
I would hazard to guess, based on this video, that he hasn’t spent a lot of time with Taleb’s work. Implicit in my understanding of a Black Swan is the size of the impact. An anomalous chess move wouldn’t qualify, to my way of thinking, as a Black Swan. The notion of a Grey Swan might have also helped him describe the benefits of studying history.



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