Taleb on Uncertainty, Predictability, Risk and Fragility


This presentation sounds esoteric, but the basic analogy to nature is fairly simple. Nature survives by organizing itself through decentralization and diversification. Uncertainty then, does not often result in catastrophes (the dinosaurs are the principal exception). We should be organizing our society the same way – by using markets to decentralize and diversify. Our political institutions too. For example, health care cannot be centralized without dehumanizing the patient.

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