Nassim Nicholas Taleb on the Financial Crisis

What this episode covers

Nassim Taleb talks with EconTalk host Russ Roberts about the financial crisis, how we misunderstand rare events, the fragility of the banking system, the moral hazard of government bailouts, the unprecedented nature of really, really bad events, the contribution of human psychology to misinterpreting probability and the dangers of hubris. The conversation closes with a discussion of religion and probability.

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Frequently Asked Questions

How long is this episode of EconTalk?

This episode is 56 minutes long.

When was this EconTalk episode published?

This episode was published on March 23, 2009.

What is this episode about?

Nassim Taleb talks with EconTalk host Russ Roberts about the financial crisis, how we misunderstand rare events, the fragility of the banking system, the moral hazard of government bailouts, the unprecedented nature of really, really bad events, the...

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