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Tag Archives: rationality

The Logic of Risk Taking | Medium

The Logic of Risk Taking Consider the following thought experiment. First case, one hundred persons go to a Casino, to gamble a certain set amount each and have complimentary gin and tonic –as shown in the cartoon in Figure x. Some may lose, some may win, and we can infer at the end of the day […]

Atlanta, Borat, Minority Rule, Monsanto, Ergodicity, Revolutions, Rationality, Armenians, Betrayal, Tesla, Fermat, @GadSaad | Twitter

@nntaleb OK OK La Grotta pic.twitter.com/2aFM44a2dW Permalink 5:47 PM – 25 Aug 2017 @nntaleb 75% of @newtgingrich’s book (from page 80 on) revolves around the Intellectual Yet Idiot IYI problem.https://twitter.com/AlexPappas/status/901171827799719936   Permalink 2:32 PM – 25 Aug 2017 @nntaleb Atlanta coffee conversation w/ @geoffreydgraham @justinno @WhiteSwanof87 @su_js1 (a lot of coffee). pic.twitter.com/oLB5ayZFOR Permalink 10:10 AM […]

“If rationality were valuable in evolutionary terms, accountants would be really sexy.”

Friends, let us discuss this point by Rory Sutherland: “If rationality were valuable in evolutionary terms, accountants would be really sexy.” 1) Is it that professions that are attractive to others and provide social rank satisfy a certain selection criterion, with hidden benefits to society that we can detect? I think so: courage is extremely […]

Continuing on the rationality-as-survival point…

Continuing on the rationality-as-survival point, there is a confusion when it comes to “rationality” of a decision between the *reduced* and the *structural* form, and the *static* and *dynamic* form: + a single decision vs. a RULE generating a sequence of decisions. One decision can be rational while the rule is not. It would be […]

(cont) Which leads us to the notion that… – Nassim Nicholas Taleb

(cont) Which leads us to the notion that rationality has less to do with “belief” than with actions, or that “beliefs” are subordinated to actions rather than the other way around. We’ve discussed the notion of revelation of preferences. via (cont) Which leads us to the notion that… – Nassim Nicholas Taleb.