Gresham College Lectures

Regulating the above average: Luck or skill?

• Gresham College

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0:00 | 51:58
Considered thinkers from Mandelbrot ('fractals') or Keillor ('Lake Wobegon Days') to Taleb ('Black Swans') point out the absurdity of more than half of us being 'above average'. Yet financial service salesfolk presume that the financial world is full of geniuses who perform, on average, 'above...

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