People who make business decisions cannot have genuine belief in behavioral economics theories; if they truly believed behavior was irrational as defined by behavioral economists, they would make profitable business decisions by exploiting this irrationality, but the absence of wealthy behavioral economists suggests they do not believe their own theories.

causalpending

Speaker

Nassim Nicholas Taleb

Evidence Quote

if these people know anything they go make money and then will continue doing psychology but they can't

Source

Nassim Taleb — Meditations on ExtremistanJoseph Noel Walker
Created: 8/11/2026, 7:44:21 AM

My Notes

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