If you feel the urge to pace when talking on the phone: you may be the victim of *walking-below-the-stress-level deprivation*, a silent ailment that is no different from *sleep deprivation*. And *walking-with-effort* is no substitute for it. Walking slowly, aimlessly, without trying to anything about anything…
via If you feell the urge to pace when… – Nassim Nicholas Taleb | Facebook.
This is a bit technical but it shows the role of antifragility in nature, and where thin tails come from. A central idea.
https://dl.dropboxusercontent.com/u/50282823/dose-response.pdf
via This is a bit technical but it shows the… – Nassim Nicholas Taleb | Facebook.
The superiority of skin-in-the-game over regulation: it is a simple transactional agreement between individuals that doesn’t require government intervention, empty suits, and codes.The condition “I buy from you if you taste it” can be a natural part of the contract.Beyond that, it can be a moral heuristic: I only talk about things I do, and for which I will pay a price if I am wrong.
via The superiority of skin-in-the-game over… – Nassim Nicholas Taleb | Facebook.
5.0 out of 5 stars
Found no substitute for a difficult subject, July 21, 2013
By N N Taleb “Nassim N Taleb”Amazon Verified Purchase
This review is from: Probability, Random Variables and Stochastic Processes Paperback
When readers and students ask to me for a useable book for nonmathematicians to get into probability or a probabilistic approach to statistics, before embarking into deeper problems, I suggest this book by the Late A. Papoulis. I even recommend it to mathematicians as their training often tends to make them spend too much time on limit theorems and very little on the actual “plumbing”.The treatment has no measure theory, cuts to the chase, and can be used as a desk reference. If you want measure theory, go spend some time reading Billingsley. A deep understanding of measure theory is not necessary for scientific and engineering applications; it is not necessary for those who do not want to work on theorems and technical proofs.I’ve notice a few complaints in the comments section by people who felt frustrated by the treatment: do not pay attention to them. Ignore them. It the subject itself that is difficult, not this book. The book, in fact, is admirable and comprehensive given the current state of the art.I am using this book as a benchmark while writing my own, but more advanced, textbook on errors in use of statistical models. Anything derived and presented in Papoulis, I can skip. And when students ask me what they need as pre-requisite to attend my class or read my book, my answer is: Papoulis if you are a scientist, Varadhan if you are more abstract.
HatTip to Dave Lull via Amazon.com: N N Taleb “Nassim N Taleb”‘s review of Probability, Random Variables and Stochast….
Thank you, friends. I have personally gained much, much more “nonnoisy” information from the collective on this page in the form of comments posts “by others” and insights than from the rest of the web combined.
via Thank you, friends. I have personally… – Nassim Nicholas Taleb | Facebook.