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"... In a discussion of the earthquake and tsunami that produced the 2011 Fukushima nuclear disaster in Japan, Taleb writes: “Not seeing a tsunami or an economi
by pella 10y ago
"... In a discussion of the earthquake and tsunami that produced the 2011 Fukushima nuclear disaster in Japan, Taleb writes: “Not seeing a tsunami or an economic event coming is excusable; building something fragile to them is not.” And in the case of the Fukushima disaster, authorities seem to be responding appropriately: not by developing better predictive models, but by building smaller and less vulnerable reactors."
source: Nassim Nicholas Taleb on Accepting Uncertainty, Embracing Volatility
http://knowledge.wharton.upenn.edu/article/nassim-nicholas-taleb-on-accepting-uncertainty-embracing-volatility/ http://knowledge.wharton.upenn.edu/article/nassim-nicholas-t...