Weakest link theory provides strong claim to the economics Nobel | Curio
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Weakest link theory provides strong claim to the economics Nobel

6 mins | Dec 31, 2019
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Once you start to think about O-ring problems, you see them everywhere. The success of the most complex systems depends on the weakest link, theorises Nobel Prize winner, Michael Kremer. Writing in the Financial Times, Tim Harford praises his theory, explaining why it demonstrates just how much economics, wisely used, can deliver.
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