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October 15, 2008

Taleb: When It Comes to Crises, The Past Is No Guide to the Present or the Future

I've wondered about for a while whether the mathematical techniques for assessing risk alter the structure of risk and risk taking behavior itself, i.e, whether the act of measurement itself is not exogenous to what is being measured.  Taleb suggests that this may be the case in this wider discussion of the origins of the suprime crisis with Bloomberg.

Posted by Robin Varghese at 04:19 PM | Permalink

Comments

Taleb comes across as a bit more lucid when he's not phoning it in.

Posted by: Sagredo | Oct 16, 2008 11:20:57 PM

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