tag:blogger.com,1999:blog-26741618.post9061315894269329554..comments2024-02-28T02:22:20.886-08:00Comments on homunculus: An uncertainty principle for economists?Philip Ballhttp://www.blogger.com/profile/09986655706443117158noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-26741618.post-63389504569951545102010-04-12T21:23:11.905-07:002010-04-12T21:23:11.905-07:00Taleb, in The Black Swan and in The Fourth Quadran...Taleb, in <i>The Black Swan</i> and in <a href="http://www.edge.org/3rd_culture/taleb08/taleb08_index.html" rel="nofollow">The Fourth Quadrant</a> also talks at length about Taxonomies of risk. The part of <i>The Black Swan</i> I think most about is the part where he talks about how to decide what kind of risks to take. He favors wagers with low costs, but high positive outcomes and gives several, non-lottery, examples. I don't remember any table or graph that puts these all together but it's easy enough to imagine.Unknownhttps://www.blogger.com/profile/09336880139898421675noreply@blogger.com