Friends, here is: my new text. Volume 1 covers the ideas of The Black Swan expressed mathematically. http://www.fooledbyrandomness.com/FatTails.html(added derivations of skin-in-the-game, etc.) How can one correct academic fraud? Not only have economics professors not addressed the substance of my points accusing them of misusing statistical methods, remember these frauds are still using risk methods that [...]
@nntaleb- nntaleb: Avoid hiring an "A" student unless the job description is to score on exams. (#FatTony Heuristic, #Antifragile trial and error.)
- nntaleb: Journalists feel contempt for those who fear them and a deep resentment for those who don't.
- nntaleb: RT @philosophytweet: Goldman Sachs Links Bonuses to Protecting Firm Reputation @nntaleb bag man whistleblower policy funded by Tax payers? …
- nntaleb: @TweetClayton Had you read the writer more carefully you would have understood that these need to have cumulative LARGE consequences.
- nntaleb: @CaioPraes Bachelier, my friend, was a trader who studied at night. An options trader.
- nntaleb: Georges Moustaki 1934-2013, a moment of silence for the true Mediterranean.