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Eraj's avatar

Thank you, appreciate your clear-headed insights!

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Mary Pat Campbell's avatar

Yes, I like the ease-of-use for Substack, too. Especially for embedding graphics & video.

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RLiu's avatar

Great insights Allison. I would also note the following: Tesla may benefit from government subsidies, but then so does the O&G industries. Also, we do a terrible job of pricing "externalities". If all the costs of a particular industry were fully reflected in the end product cost, then maybe the "free market" could function properly.

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Andrei Scarlatescu's avatar

Thanks for sharing, great insights as per usual Allison!

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Bob Seawright's avatar

How does Taleb's claim that dampening volatility over time increases tail risk exponentially fit into your model, if at all?

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Allison Schrager's avatar

i am not sure if it is exponential. it depends on the nature of volatility and how your dampen it. sometimes you truly make risk smaller without increasing tail risk.

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Mike MacDonald's avatar

I'm new to your columns. Have you written on why you are a Bayesian and what it means? I'd appreciate reading that.

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Allison Schrager's avatar

thank you! I have. i also did a podcast on it. https://www.npr.org/transcripts/938580499 and my thanksgiving newsletter.

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