Thursday, March 04, 2010

Taleb quote

A quote from Nassim Taleb's "The Black Swan":
But I find the emphasis on economic inequality, at the expense of other types of inequality, extremely bothersome. Fairness is not exclusively an economic matter; it becomes less and less so when we are satisfying our basic material needs. It is pecking order that matters! . . . The disproportionate share of the very few in intellectual influence is even more unsettling than the unequal distribution of wealth -- unsettling because, unlike the income gap, no social policy can eliminate it.

. . . Is insurance against your peers' demoralizing success possible? Should the Nobel Prize be banned?


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