Category Archives: Audio

Nassim Nicholas Taleb on the Precautionary Principle and Genetically Modified Organisms | EconTalk

Russ Roberts
Hosted by Russ Roberts

Nassim Nicholas Taleb, author of Antifragile, Black Swan, and Fooled by Randomness, talks with EconTalk host Russ Roberts about a recent co-authored paper on the risks of genetically modified organisms (GMOs) and the use of the Precautionary Principle. Taleb contrasts harm with ruin and explains how the differences imply different rules of behavior when dealing with the risk of each. Taleb argues that when considering the riskiness of GMOs, the right understanding of statistics is more valuable than expertise in biology or genetics. The central issue that pervades the conversation is how to cope with a small non-negligible risk of catastrophe.

Time: 1:07:37
Size:31.0 MB
Right-click or Option-click, and select “Save Link/Target As MP3.

 

Nassim Nicholas Taleb on the Precautionary Principle and Genetically Modified Organisms | EconTalk | Library of Economics and Liberty.

Nassim Taleb: Why You Should Embrace Uncertainty | The James Altucher Show

The James Altucher ShowAltucher Show
DescriptionEp. 45 Nassim Taleb: Why You Should Embrace Uncertainty (MP3 audio, 40.3 MB)
September 23, 2014 11:53 AM
Nassim Taleb, author of Antifragile: Things That Gain from Disorder, joins The James Altucher Show to talk about technology and how different systems handle disorder.Just as humans evolve, technology is constantly being upgraded and replaced with new concepts and ideas.Today, we use technology in almost every aspect of your lives. But do we really understand the advantages and disadvantages to constantly being computerized?
In Nassim’s book, The Black Swan, he highlighted for readers the unusual and unpredictable events that underlie almost everything about our world. Now with his book, Antifragile, readers are presented with why we should embrace these uncertainties.The ideas and concepts that Nassim presents today for our listeners are beyond anything you have heard before.
Nassim and James talk about several ways that disorder in your life will actually make you stronger. As Nassim tells James in the interview, “If you don’t have variability in your life, you are not human.”
The key is to take these shocks and disruptions and become, as Nassim says, antifragile, in turn making you stronger, more creative, and better able to adapt to each new challenge you face.
Nothing is certain in this world, and this episode will have you questioning everything you thought you knew.

via The James Altucher Show.

Gray Swans & Dragon Kings, Nassim Taleb & Didier Sornette at ETH Risk & Risilience 2014

I was fortunate to see a FB post from NNT in time to catch his discussion with Didier Sornette at ETH Risk & Risilience 2014 conference. Which means, dear reader, that I was able to capture the audio which I make available in two versions. The Nassim Taleb version (mostly NNT) and the entire discussion. Happy to report the event remained very civil despite moments of obvious tension. NNT considered Sornette’s ‘Dragon-Kings’ to be examples of Gray Swans. They were joined by insurance CEO Dan Riordan, who seemed somewhat out of place, but at the same time provided a ‘reality anchor’ which caused me to listen to NNT and Sornette from the perspective of an ‘on the ground’ manager for whom unexpected disasters have an enormous impact.

The conference was running a little late so I ended up seeing another presentation on the hypothetical impact on the global electric grid of  giant solar flares. It was truly horrifying to project (along with slides, charts and statistics) the chaos and catastrophe that could arise in such a scenario and leads me to ponder how something like the electric grid could be made Antifragile.

talebSornetteRiordanRiskRisilience2014
Nassim Taleb, Didier Sornette, moderator Wofgang Kröger ( ETH Zurich), and Dan Riordan, (CEO, Zurich Global Corporate in North America)

sornetteDragonsRiskRisilience2014
A slide from Didier Sornette’s presentation.

talebDisorderClusterRiskRisilience2014
A slide from NNT’s presentation.

talebSornetteRiskRisilience2014
NNT and Didier Sornette.

Background on Didier Sornette.

Taleb on Skin in the Game | EconTalk

SEPTEMBER 9, 2013
Taleb on Skin in the Game
Nassim Taleb Hosted by Russ Roberts
Nassim Taleb of NYU-Poly talks with EconTalk host Russ Roberts about his recent paper with Constantine Sandis on the morality and effectiveness of “skin in the game.” When decision makers have skin in the game–when they share in the costs and benefits of their decisions that might affect others–they are more likely to make prudent decisions than in cases where decision-makers can impose costs on others. Taleb sees skin in the game as not just a useful policy concept but a moral imperative. The conversation closes with some observations on the power of expected value for evaluating predictions along with Taleb’s thoughts on economists who rarely have skin in the game when they make forecasts or take policy positions.
Download Size:28.8 MB Right-click or Option-click, and select “Save Link/Target As MP3.

via EconTalk | Library of Economics and Liberty.