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Monthly Archives: June 2017

Math Encounters – Contemplating Coincidence: ‘Random’ Solutions to Challenging Problems

Published on May 18, 2017 We all encounter randomness every day — it is part of how we talk about the weather, sports, and even love. But despite being so familiar, randomness can be an elusive idea to pin down. Join mathematician Matthew Richey as he guides us toward greater understanding, demonstrating how randomness can […]

Black Swans And Interventionistas | RonPaulLibertyReport

Published on May 19, 2017 Dr. Taleb, author of “The Black Swan,” takes apart our foreign and monetary policies. Why do neocons and mainstream media keep pushing war and conflict? They face zero risk. This is something new in history. Those who decide on interventionism overseas are never harmed by the interventions. Plus…are we headed […]

The empirical distribution is … not empirical

Published on Jun 12, 2017 For fat tailed distributions, the empirical distributions does not reflect the true statistical properties, particularly for extremes. This is a simplified side note to a paper with Mark Spitznagel on why people make a mistake by looking at raw historical data as “empiricism”.

Piketty, Schmugman, Qatar, Dawkins, British Airways, Saudi Arabia | Twitter

@LorenzoWVilla Very nice ‘probability’ problem from @CutTheKnotMath (  ): see below @nntaleb ” target=”_blank”>”> Permalink 9:50 AM – 12 Jun 2017 @nntaleb In other words, methods used to state that people & investors underestimate tail events by psychologists and economists are severely flawed.   Permalink 6:02 AM – 12 Jun 2017 @nntaleb The empirical […]

The Merchandising of Virtue | Medium

Hence the principle: If your private life conflicts with your intellectual opinion, it cancels your intellectual ideas, not your private life and If your private actions do not generalize then you cannot have general ideas This is not strictly about ethics, but information transfer. If a car salesman tries to sell you a Detroit car […]