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

Weakest link theory provides strong claim to the economics Nobel

6 mins | Dec 31, 2019

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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From Financial Times