I’ve been waiting for this! Nassim Taleb, author of Fooled By Randomness and The Black Swan, talks with EconTalk host Russ Roberts about antifragility, the concept behind Taleb’s next book, a work in progress. Taleb talks about how we can cope with our ignorance and uncertainty in a complex world. Topics covered include health, finance, [...]
Hormesis Is Redundancy Nature is the master statistician and probabilist. It follows a certain logic based on layers of redundancies, as a central risk-management approach. Nature builds with extra spare parts (two kidneys), and extra capacity in many, many things (say lungs, neural system, arterial apparatus, etc.), while design by humans tend to be spare, [...]
Nero followed Fat Tony’s rule of systematically making donations, but never to anyone who directly asked for gifts (and never, never, to any charitable organization with the possible exception of those in which not a single person earns a salary). via Nero followed Fat… | Facebook.
Nassim Nicholas TalebThe author of the best-selling 2007 book “The Black Swan,” Nassim Nicholas Taleb said last June that the U.S.’s debt situation was worse than that of Greece. “The difference between Europe and the U.S. is the consciousness of the problem,” Taleb said in September. He warned the world’s predicament is more dire than [...]
Aesthetics, ethics, and many good things in humans are contagious… via Aesthetics, ethics,… | Facebook.
Thursday, January 12, 2012
I reported NNT’s RSA talk and pdf notes back in December, 2011 . The YouTube video just became available.
Friends, is the conflation problem clearer here? http://www.fooledbyrandomness.com/conflation.pdf via Friends, is the… | Facebook.
Friends, I wonder if this is clear to you: CONFLATION OF EVENT AND EXPOSURE. This conflation of event and exposure is what I call the confusion between X and F(X), also expressed in Chapter x as the Aristotelian v/s the Thalesian. The error consists on focusing on knowledge about a variable, say X when we [...]
Saturday, January 7, 2012
INVERSE DESIGNATOR: term used often with genuine intentions which should be interpreted as the exact opposite. Examples: “I don’t care about money” or “I will be brief” in life; “Real world solution” or “practical” in academic writings, means overly theoretical; “honestly”, “I am trying to help you” or “I am ethical” business; “empirical evidence” economics; [...]
Saturday, January 7, 2012
I wonder how many would put ethics ahead of reputation; & the divergence is accelerating. via I wonder how many… | Facebook.
Thursday, January 5, 2012
Alas, Fat Tony… it was unavoidable http://www.fooledbyrandomness.com/epilogue.pdf www.fooledbyrandomness.com via Alas, Fat Tony…… | Facebook.
Thursday, January 5, 2012
Glossary for ideaswww.fooledbyrandomness.com/af-glossary.pdf via Glossary for ideas… | Facebook.
Wednesday, January 4, 2012
Being nice with an arrogant person is worse than being arrogant with a nice person. via Being nice with an… | Facebook.
Wednesday, January 4, 2012
It is much harder to become independent if you are wealthy than to become wealthy if you are independent. via It is much harder… | Facebook.
Friends, Fat Tony argues with Socrates of Athens. http://www.fooledbyrandomness.com/sokrates.pdf www.fooledbyrandomness.com via Friends, Fat Tony….
NONBARBELL CLASS: An economic condition of making more than minimum wage and wishing more wealth. Workers, monks, hippies, some artists, and English aristocrats escape it. The middle class falls squarely into it; so do Russian billionaires. The only way to be independent is by escaping the nonbarbell class. From the GLOSSARY [CORRECTED] via (3) NONBARBELL [...]
Friends, happy new year, hope for a 2012 full of entertainment, thrill, and unintended consequences of the good kind.In other words, anti fragility.And my gratitude for the comments over the past year. via Friends, happy new… | Facebook.
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