same) gender? Refused all (except for one). » Tout le monde fut de mon avis; et cependant je ne trouvai personne qui voult accepter le marché de devenir imbécile pour devenir content. Schumpeter seemed to be an AntiPlatonist at heart. 21 Crossing the Street Blindfolded From The Black Swan October 2, 2006. But they write the vernacular in the holy script of their religion. When I was warning about the risks of the financial system, I encountered nasty resistance from these types -recall that I blame the academic establishment for this idiotic risk taking."Where is the evidence? The upper bound of the harm function is the negative of the inverse of the survival probability, hence concave in shape. There is something severely missing in the literature, the awareness of the idea best expressed in the old trader adage: the worst thing you could possibly do with money is spend.
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Because as I said earlier, when you look at object composed of a collection of particles, the fluctuations of these particles will tend to balance out. We can use the same argument by replacing "measurement" by "estimation" (say estimating the future value of an economic variable, the rainfall in Brazil, or the risk of a nuclear accident). We've know that "modern finance" and economics represented a danger to society since 1961, with close to 400 blowup episodes including the crash of 1987 to no avail -and this blowup of the banking system will not bring any relief. Oraisons funèbres All men have flaws, all men have some measure of greatness in them. Look: the latin translation is used as a benchmark and you sort of retranslate into Arabic! Or when someones bookshelves match the Penguin classics section at Heathrow airport. Languages are stickier than we think (People tend to associate languages with states, when the correlation was low before 1917: around the Mediterranean, particularly in Asia Minor, languages had no link to the rule (Armenians spent thousands of years in the area between Cilicia.