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What Nassim Taleb Can Teach Us

“I am as orthodox neoclassical economist as they make them, not a fringe heterodox or something. 

I just do not like unreliable models that use some math like regression and miss a layer of stochasticity, and get wrong results, and I hate sloppy mechanistic reliance on bad statistical methods. 

I do not like models that fragilize. I do not like models that work on someone's computer but not in reality. This is standard economics.”

Zerohedge 3 May 2017, Authored by Jeff Deist via The Mises Institute

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