Economics

Possibly the most important thing here is the existence of the first column, setting minimum standards for common equity — which is also known as core Tier 1 capital. Such standards did exist in the past, but they were set extremely low, at just 2%, and so were generally ignored.

Financial journalist and media critic specializing in economics and markets.

No more throwing any old garbage into the Tier 1 bucket and calling it capital: the new standards for common equity are significantly tougher than the old standards for Tier 1 capital in total.

Financial journalist and media critic specializing in economics and markets.

Fundamental sense of well-being crucially depends on our having the ability to exert control over our environment and recognising that we do.

Psychologist & Founder of Positive Psychology Movement

The result would be immediately one of the greatest catastrophes since World War II. Hundreds of thousands would die. It would cause trillions of dollars of immediate economic damage as buildings were vaporised. The real damage, though, would come in the days and weeks after, when there would undoubtedly be a global panic.

Nuclear weapons expert and president of the Ploughshares Fund.

Technology is no longer a separate segment- it is pervasive. It is technology IN agriculture, IN governance, IN education, IN health. It is also about health technologies, education technologies and agricultural technologies- there are two sides to it.

Telecom Pioneer & Advisor to Indian Government on Technology Policy

A speculative bubble exists when the price of something does not equal its market fundamentals for some period of time for reasons other than random shocks. [Fundamental] is usually argued to be a long-run equilibrium consistent with a general equilibrium

Mathematician known for Rosser's theorem in mathematical logic and computability theory.

We don't accept basis risk we don't accept counterparty risk- we don't want any fuzziness around what our payout is going to be conditional on the realising of this systematic left tail 'black swan' event.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

We have a much more connected marketplace. We have had, what I reckon to be an extremely overvalued stock market since 2000. When you have that situation, you are prone to very sudden negative revaluations.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

I made the analogy of earthquake faults- when they get aligned, they either all move, or they don't move- we also have this diversity of micro fault-lines that fail, and I think that's a huge problem.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

We are living through a profound era where speculative failure is simply not an option, and is fought tooth and nail by the government. This is a trap. Here I am the fool looking to fail frequently.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

We know from the availability heuristic that people overestimate the likelihood of an event based on their ability to envision it—the risk of plane crash versus car crash is the best example of this. Holding that big check is easy to conjure up, but rare, deep stock market corrections not so much most of the time.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

the share of the population in the top tercile is negatively associated with crime. When crime increases twofold the share of the rich tercile drops by 1.3%. In addition, we see that the share of the population in the poorest tercile increases with crime

Unknown.

causality runs from the latter to the former: in more unequal societies, the return to committing a crime increases, since there is more wealth to be taken away at each crime

Unknown.

a doubling in crime increases the Gini coefficient by 3% to 4%

Unknown.

Globalisation is here to stay. You cannot, however, look at it as a natural phenomenon on which you have no influence- it's not like a typhoon or a cyclone. It's a process- and a process on which you can have influence.

Brazilian Diplomat & Foreign Minister under Lula's Presidency

One thing that really helped us was NOT following the IMF prescription, and hence I think the fact that we insisted on having growth (alongside stability) was something that made for a big change in Brazil.

Brazilian Diplomat & Foreign Minister under Lula's Presidency