Congratulations , Leo ! Good job. The world must see posts like this one in order to increase investments in our lucrative infrastructure capacity expansion. https://t.co/tsr5DQfi9F
@nntaleb Actually we know exactly neither cost nor benefits so uncertainty up and down kind of cancels out (lol). Dynamics before details — Models are useless but modeling is unvaluable !
@nntaleb never know which interest rate to consider either. infrastructure projects were decided using 12% / year for a the USCEng recommendation decades ago! Countries where money is still expensive do sensitive analysis using several rates but that is also useless