Thursday, January 29, 2009

Risk Discussed by Kahneman and Taleb

The panel discussion by Kahneman and Taleb was worth watching two times. Taleb has written 'Black Swan' and 'Fooled by Randomness' is a recognized expert on chaos and risk management. Kahneman holds a Noble prize in economics awarded in 2002 for his work on 'Prospect Theory' having to do with decision making between alternatives that involve risk. To watch a panel discussion between both of these men was a real pleasure.