Video: Reflections on a crisis – typically “lively” conversation feat. Nassim Taleb

Nassem Talib

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Please take the time to follow the link: REFLECTIONS ON A CRISIS

Edge Foundation Inc: Exemplifying, if not leading, the trend for some of the keenest minds on the planet to “breakout” of the traditional silos of their respective subjects and specialism to seek out answers to THE questions through conversation and collaboration. Psychologists, physicists, mathematicians, sociologists, philosophers, environmentalists…

I believe this to be the academic and intellectual manifestation of the inter-connectedness that the internet has brought to us all, through social and business networking. But if that is the positive then the negative has been the systemic risk exposure that has come along with it. It is no coincidence that linear supply chains have and are evolving to become networked. Institutions are under pressure to embrace change or risk a dramatic loss of relevance, power and wealth. Commercial ventures can no longer be solely about the maximisation of (particularly neo-liberal) ECONOMICS to deliver financial results for shareholders. Sustainable stakeholder value – not mere greenwashing – demand full consideration of ENVIRONMENTAL, SOCIAL and CULTURAL issues.

With inter-connectedness comes interdependence and complexity. Shared values, transparency and trust still require governance and management.

PARTICIPANTS: DANIEL KAHNEMAN is Eugene Higgins Professor of Psychology, Princeton University, and Professor of Public Affairs, Woodrow Wilson School of Public and International Affairs. He is winner of the 2002 Nobel Prize in Economic Sciences for his pioneering work integrating insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty. NASSIM NICHOLAS TALEB, essayist and former mathematical trader, is Distinguished Professor of Risk Engineering at New York University’s Polytechnic Institute. He is the author of Fooled by Randomness and the international bestseller The Black Swan

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