196 citations · 544 across the 24 of their papers we have counts for
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q-fin.RM2013
The Skin In The Game Heuristic for Protection Against Tail Events
Nassim N. Taleb, Constantine Sandis
Standard economic theory makes an allowance for the agency problem, but not the compounding of moral hazard in the presence of informational opacity, particularly in what concerns…
q-fin.RM2013
Where Do Thin Tails Come From?
Nassim Nicholas Taleb
The literature of heavy tails (typically) starts with a random walk and finds mechanisms that lead to fat tails under aggregation. We follow the inverse route and show how starting…