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Tag Archives: probability

As technology increases, misunderstanding of ruin by a very small number of people is sufficient to guarantee ruin

As technology increases, misunderstanding of ruin by a very small number of people is sufficient to guarantee ruin https://t.co/QgXfgn8Cqm — Nassim NicholنTaleb (@nntaleb) July 18, 2015 Greece: Neither those who made the decision to borrow nor those who made the decision to lend had skin in the game. "Other people' money". — Nassim NicholنTaleb (@nntaleb) […]

A great article on Probability in The Stanford Enc of Philosophy

A great article on Probability in The Stanford Enc of Philosophy that draws from Franklin’s book. Probability in Medieval and Renaissance Philosophy via Nassim NicholنTaleb on Twitter: “A great article on Probability in The Stanford Enc of Philosophy that draws from Franklin’s book. http://t.co/ZJUFxgaNo8”.

The absolute best best best noBS book on hist of probability is Franklin’s

NNT tweeted: “The absolute best best best noBS book on hist of probability is Franklin’s” and linked to his Amazon review. 5.0 out of 5 stars Indispensable, August 31, 2013 By N N Taleb This review is from: The Science of Conjecture: Evidence and Probability before Pascal (Paperback) As a practitioner of probability, I’ve read […]

PROBABILITY HAS BEEN BEST UNDERSTOOD HISTORICALLY BY LEGAL SCHOLAR

PROBABILITY HAS BEEN BEST UNDERSTOOD HISTORICALLY BY LEGAL SCHOLARS (In new Intro for SILENT RISK, not talking about New York lawyers but MEDIEVAL legal scholars/philosophers). Most people claiming a “scientific” approach to risk management do not quite understand what “science” means and how applicable it is for probabilistic decision making. Science consists in a body […]

Social Science and Probability

Triangular self reference, citation rings, and the subdiscipline of bullshittology. Timeline Photos – Nassim Nicholas Taleb.