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Daily Archive October 8th, 2008

Does globalization create interlocking fragility?

Filed in Books
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BANK FAILURE AND BLACK SWANS Fully aware of the Nostradamus effect and every “cognitive fallacy” under the sun, Decision Science News does have to hand it to Nassim Taleb for warning about the domino effect we’re now seeing in banking. Globalization creates interlocking fragility, while reducing volatility and giving the appearance of stability. In other […]