Hammurabi’s code, ~3800 years ago, removed the agency problem as a condition for transaction: “If a builder builds a house and the house collapses and causes the death of the owner – the builder shall be put to death. If it causes the death of the…
DECIMATION as removal of agency problem- The Romans removed one’s incentive to be a coward and hurt others by withdrawing from combat. If a legion loses a battle and there is suspicion of cowardice, ten percent of the surviving soldiers and commander…
www.fooledbyrandomness.com/ethics.pdfA simple heuristic to solve current problems. We should force tobacco lobbyists to smoke, etc.http://www.fooledbyrandomness.com/ethics.pdfwww.fooledbyrandomness.com
Your principal & hardest to defeat enemy is your own profession.
There is a Russian saying: “if you say you drank too much, you didn’t drink too much”.
Shared by JohnH
HatTip to Dave Lull.
Mr. Taleb’s critique of the OFR, on the other hand, is directed at the whole concept of creating a body to try to measure risk in the financial system. Mr. Taleb gained fame for his book “The Black Swan,” w…
Shared by JohnH
Also! “Taleb will testify today before the U.S. Congress’s Committee on Financial Services about the establishment of the Office of Financial Research…
Nassim Taleb, author of “The Black
Swan,” will work with the Internationa…
Artisans sell you wine; large corporations poisonous drinks.http://fooledbyrandomness.com/AntiFragilityJuly2011-4.pdfhttp://fooledbyrandomness.com/AntiFragilityJuly2011-4.pdffooledbyrandomness.com
Shared by JohnH
HatTip to Dave Lull. From NNT’s notebook.
145 Intervention Bias
FIELD
Intervention Bias
Costs/Fragility
Medicine, Health
Overtreatment, bias
Steady feeding, thermal stability, etc.
P…
I hope this is clear: in simple English, the definition of fragility (& antifragility) = nonlinearity.http://fooledbyrandomness.com/AntiFragilityJuly2011.pdfhttp://fooledbyrandomness.com/AntiFragilityJuly2011.pdffooledbyrandomness.com
The virtuous isn’t one who never did anything wrong; rather, someone who only did it once.
Shared by JohnH
HatTip to Dave Lull.
The Bed of Procrustes by Nassim Nicholas Taleb – Random House
The Bed of Procrustes is the latest book by Nassim Nicholas Taleb, but it diverges wildly from his other philosophical works.
I can’t tell when Na…
Fitting ethics to professionWall Photos
Please Ban my BookWall Photos
In Praise of ProcrastinationWall Photos
@nntaleb