Monthly Archives: February 2012

Nassim Nicholas Taleb, Donnie Darko, and the Meaning of History « Jeremiadus

Anyone interested in my previous essays on Taleb can read them here and here. In this present essay, I would like to shape Taleb’s ideas in relation to two reality vectors – the film Donnie Darko and the concept of “summing over histories” deduced by theoretical physicist Richard Feynman. As I indicate above, a reality vector does not have to be literally true. Donnie Darko is a story that never happened. Summing over histories represents a series of quantum events that violate every rule of traditional non-particle physics. As Feynman himself said about summing over histories, no rational explanation exists for this phenomenon that is scientific fact.

Both Donnie Darko and summing over histories are reality vectors for Taleb because they attune us to a central proposition in Taleb’s writings, that stochastic processes, particularly randomness, rule reality. With his Monte Carlo generator, Taleb exposes the fraud that Wall Street bankers and traders can lay claim to any particular skill or insight to account for their accumulation of the wealth of Croesus. Their success is only one of thousands or millions of outcomes, fractions of a whole which sums all conceivable outcomes and their probabilities.

via Nassim Nicholas Taleb, Donnie Darko, and the Meaning of History « Jeremiadus. HatTip to Dave Lull.

Another expression of domain dependence…

Another expression of domain dependence: ask an U.S. citizen if some semi-governmental agency with a great deal of independence (and no interference from Congress) should control the price of cars, morning newspapers, and Malbec wine, its domain of specialty. They would jump in anger, as it appears to violate every principle the country stands for, and call you a communist post-Soviet mole for almost suggesting such a thing. OK. Then ask him if that same government agency should control foreign exchange. Same reaction, this is not France. Then very gently point out to him that the Federal Reserve Bank of the United States is in the business of controlling and setting the price of another good, another rate, called lending, the interest rate in the economy. The libertarian presidential candidate Ron Paul was called a “crank” for suggesting the abolition of the Federal Reserve, but he would also been called a crank had he suggested the installation of a new governmental agency for controlling and “managing” foreign exchange, mainly the rate of the dollar against the Euro and the Mongolian Tugrit. You can only become intellectually an adult, so to speak, if you break through domain dependence.

via Another expression… | Facebook.

Diseases, conditions, and descriptions…

Diseases, conditions, and descriptions “discovered” over the past hundred years should be treated as purely invented or the result of diseases of civilization.

The same with psychological classifications such as “type A personality”, “left brain”, “passive-aggressive” & other TED-style stereotypes). Actually I would go further: if it is not in Montaigne, it is neofake, neomania, and will go away replaced with another such classifiction.

via Nassim Nicholas Taleb.

Friends, I am…

Unfortunately missed it. Later in the Facebook thread NNT says he’s going to
repost tomorrow, but for now, the links are broken.

Friends, I am putting the first few chapters, just to test how easy it is for you to “get into it”. Please report, thanks a million!
http://www.fooledbyrandomness.com/book1.pdf
www.fooledbyrandomness.com

via Friends, I am… | Facebook.