Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
And Frank Knight, he kind of took a black swan argument. You know, he said, risk you can calculate. Uncertainty, you can't, like existentially, philosophically. You can't get your hands around it. It is the black swan. And Friedman publishes this statistical paper and he says, I can put uncertainty on a graph.
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