Economia
Nassim Taleb Speaks to a Clueless Congress (Part 2 of 2)
Taleb criticizes the widely used risk management measurement system of Value at Risk (VaR). The members of Congress that he is speaking were completely clueless and will therefore transform their cluelessness into uselessness as legislators. No surprise there. If there was one thing that Congress should have taken away from his statement it would be to not trust econometricians, actuaries, and others who believe they can predict future events with information/data from the past. These "experts" (that help create disasters such as the housing collapse, Social Security, and the newly created unsustainable health care legislation) believe that their intellect, education, hubris, and arrogance is reason enough for them to make decisions for over three hundred million people.
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Economia
Nassim Taleb sobre bancos e o sistema financeiro
Nassim Taleb Speaks to a Clueless Congress (Part 2 of 2)
Taleb criticizes the widely used risk management measurement system of Value at Risk (VaR). The members of Congress that he is speaking were completely clueless and will therefore transform their cluelessness into uselessness as legislators. No surprise there. If there was one thing that Congress should have taken away from his statement it would be to not trust econometricians, actuaries, and others who believe they can predict future events with information/data from the past. These "experts" (that help create disasters such as the housing collapse, Social Security, and the newly created unsustainable health care legislation) believe that their intellect, education, hubris, and arrogance is reason enough for them to make decisions for over three hundred million people.
Assista
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- Cisnes Negros, Caudas Gordas E O Atirador Da Virginia Tech
Niall Ferguson usa idéias do livro recém-publicado de Nassim Nicholas Taleb para comentar o massacre da Virginia Tech, em artigo no LA Times. Sobre Taleb, ver esta postagem anterior....
- Cisnes Negros, Caudas Gordas E O Atirador Da Virginia Tech
Niall Ferguson usa idéias do livro recém-publicado de Nassim Nicholas Taleb para comentar o massacre da Virginia Tech, em artigo no LA Times. Sobre Taleb, ver esta postagem anterior....
- Nassim Taleb No Ataque
NASSIM TALEB: My Moral Obligation Is To Destroy The Economic Establishment, And I Will Read more: http://www.businessinsider.com/taleb-vows-to-destroy-economic-establishment-2013-4#ixzz2S0BgZE4h...
- "overfitting" Na Econometria
"An additional argument against BIG DATA, which people are starting to discover just now, is that there are about 35,000 different variables in economics and finance. And we have usually, less, much less than 10,000 data points per variable. This (plus...
- Anti-fragilidade
Video clip de Nassim Taleb sobre "anti-fragilidade" e porque precisamos mais anarquia. Assista...