Tag Archives: Nobel Prize

Tom Keene interviews Nassim Taleb on U.S. Economy, New Book – Video – Bloomberg

Nassim Taleb www.bloomberg.com-2010-12-20

What if NNT had is own show! That I’d watch.

Dec. 17 (Bloomberg) — New York University professor Nassim Taleb talks about his new book “The Bed of Procrustes.”
Taleb, author of “The Black Swan: The Impact of the Highly Improbable,” also discusses the U.S. economy and financial regulation. Taleb speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)

Nassim Taleb Educates a Quant

Now you all know I’m a Taleb super-fan, but this is excellent and hilarious. It’s not going to mean much to the general public, but to those of us following the argument it’s genius.  Would love to watch NNT’s face as he saw it for the first time. I like to think that he’d get a few laughs out of it as well, but who knows?
It has 55 views so far and was created with the very fun Xtranormal software. Here’s the link.  It’s attributed to Peter Cotton. Snooping around on the net I see a Peter Cotton associated with Taleb’s name here, which leads me to believe that it may have been created this Peter Cotton. Would love to get confirmation on that if only to thank him for a good laugh.

Blame Nobel for crisis, says author of Black Swan | Reuters

Shared by JohnH

Note: From the Globe and Mail (Check comments, Mark informs us that NNT was aware of this in TBS, so in fact, it’s the Globe and Mail author who got it wrong).

The next prize winner will be revealed to great public acclaim or, more typically, puzzlement on Oct. 11. But what neither Mr. Taleb nor most other people realize is that none of the above actually won a Nobel Prize — at least not the official one set up in the name of the late dynamite mogul.

What the gaggle of economic theorists have actually scored is the Sveriges Riksbank Prize in Economic Sciences, which is paid for by the Swedish central bank “in memory of Alfred Nobel,” who set aside nothing from his vast fortune to honour economists.

Nassim Taleb speaks to reporters at the Reuters Finance Summit in New York November 16, 2005.




Credit: Reuters By Adam Cox

Tue Sep 28, 2010 9:40am EDT

STOCKHOLM (Reuters) – Did the Nobel prize help trigger the worst financial crisis since the Great Depression?

Nassim Taleb, who shot to fame with his ideas about risk in the book “The Black Swan,” believes the economics award and the theories it celebrates deserve their share of blame.

“I want to remove the harm from these economic models. And the Nobel is not helping. They should be held partly responsible, if not largely responsible, for the crisis,” Taleb told Reuters by telephone.

The first of the Nobel awards will be announced next Monday, with the economics prize due a week later on Oct 11.

According to Taleb, there are a number of mistaken ideas about forecasting and measuring risk, which all contribute to events like the 2008 global crisis. The Nobel prize, he says, has given them a stamp of approval, allowing them to propagate.