Question
This economist is the namesake of an investment which usually has small gains but will occasionally suffer a massive loss. For 10 points each:
[10m] Name this economist who wrote Fooled by Randomness and The Bed of Procrustes as part of a four-volume collection on uncertainty.
ANSWER: Nassim Nicholas Taleb
[10h] One of Taleb's books on uncertainly is titled for this type of animal, which lends its name to extremely rare events that are difficult to predict but are retroactively given an explanation as to why they should have been expected.
ANSWER: black swan [or The Black Swan: The Impact of the Highly Improbable; prompt on swans]
[10e] As an investment manager, Taleb helped pioneer protecting against black swan events in an attempt to minimize this likelihood of losing money. Behavioral economists study peoples' aversion to this concept.
ANSWER: risk
<Fredrick Morlan , Social Science - Economics>
Summary
| 2023 NASAT | 06/17/2023 | Y | 1 | 10.00 | 100% | 0% | 0% |
Data
| Virginia | Missouri A | 0 | 0 | 10 | 10 |