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Monthly Archives: March 2014

Friday Quiz. What is the unconditional… – Nassim Nicholas Taleb

Friday Quiz. What is the unconditional mathematical expected duration between departure and time to destination between Kuala Lumpur and Beijing? How about a flight between Rio de Janeiro and Paris? ANSWER: Infinite. A very tiny probability of crash makes the unconditional expectation infinite. All other answers with finite duration are conditional on the plane eventually […]

When you say something you think are just saying something, but you…

When you say something you think are just saying something, but you are largely communicating *why* you had to say it. ( Which is why complaints don’t just deliver complaints, they mostly reveal your weakness.) via When you say something you think are just saying… – Nassim Nicholas Taleb.

​GMO labeling effort in Colorado scores win in state Supreme Court — RT USA

Nassim Taleb, professor of risk engineering at New York University and author of best-sellers ‘The Black Swan’ and ‘Fooled by Randomness,’ recently said that GMOs have a very real ability to cause “an irreversible termination of life at some scale, which could be the planet.” Taleb’s thesis basically stems from the fact that GMOs come […]

When you see fraud shout fraud!..

When you see fraud shout fraud! INVERSE SKIN IN THE GAME/CRONY CAPITALISM. Peter Orszag is one of those Obama cronies who wrote the report about Fannie Mae being safe (while I was shouting that it was sitting on dynamite) and, thanks to absence of skin-in-the-game, or inverse skin-in-the-game, got a job in the Obama administration […]

The ultimate test of freedom is whether you…

The ultimate test of freedom is whether you *have to* explain why you did something. via The ultimate test of freedom is whether you… – Nassim Nicholas Taleb.