The Frontal Cortex : Dangerous Models
You know what I think about when I hear about the epic failure of all these fancy financial models that were designed to calculate risk? I think about the Atlantic Cod. These fish used to be everywhere. (Once upon a time, they were considered the cash crop of the ocean. Spanish fishing vessels would trek across the Atlantic just to fish the abundant cod off the coast of Canada.) Now the Newfoundland cod fishery is gone, yet another victim of overfishing.
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Sunday, November 2, 2008
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