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Tag Archives: law of large numbers

One Bank Flagship Seminar by Nassim Nicholas Taleb – Tail Risk Measurement Heuristics 2/18/16

One Bank Flagship Seminar by Nassim Nicholas Taleb – Tail Risk Measurement Heuristics ​The first part of this talk – The Law of Large Numbers in the Real World – presents fat tails, defines them, and shows how the conventional statistics fail to operate in the real world, particularly with econometric variables, for two main […]

Statistics of Violence as Special Case of Fat Tails

A lecture summarizing the paper on violence with Cirillo to MIT and NECSI data scientists, mostly explaining to data scientists how to work with fat tails and only indirectly addressing Pinker by responding to those fooled by the illusion of drop in violence:     Uploaded on Jul 10, 2015 A lunch discussion at MIT […]