socialmedian: Do we need a society that is resistent to expert mistakes?

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Do we need a society that is resistent to expert mistakes? - Ecademy

Source: Ecademy: user blogs

Nov 07, 2009

Summary

Nassim Taleb says that we need to build a society that is resistent to expert mistakes!
Nassim Taleb thinks that VaR or Value at Risk style quantitative risk management was behind leverage and that we have to ban VaR from being used as risk measuments methods. These risk measuments methods were used by Wall Street to hide risks and collect bonuses. Nassim Taleb after 13 years of fighting against quantitative risk management is finally getting his say in congress.

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