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Tag Archives: Video

PBS Video Taleb & Roubini Examine Potential for Longer Recession

NASSIM TALEB: The governments have transformed private debt into public debt. Now, that’s not something very commendable, because your grandchildren — and I know you have grandchildren — your grandchildren and their children will bear the price. This is immoral.

Nassim Taleb Hay Festival 2010 Guardian Video Clip

When it comes to economic life, we have evidence that a cab driver knows as much as a political scientist-anyone in Washington- in what’s going to happen tomorrow.
People tend to fit their beliefs to the profession, rather than fit their professions to their beliefs…
…when people’s income depends on certain set of beliefs, they will endorse these sets of beliefs, just for the sake of maintaining their lifestyle.

Nassim Nicholas Taleb on CNBC 2008

Certainly resonates with the current situation. [youtube=http://www.youtube.com/watch?v=qc6SwwUkQAY]

Daniel Kahneman – A Bat and a Ball Cost $1.10

(Borrowing this post from another blog I collect my favorites into. Danny is just such a big part of the picture when it comes to the paradigm shift implied in NNT’s philosophy, plus, they’re good friends!) … the bat costs $1 more than the ball. How much does the ball cost? Daniel Kahneman KNOWS that […]