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Monthly Archives: February 2015

Academics find it “irrational” that one can prefer apples to oranges…

Academics find it “irrational” that one can prefer apples to oranges, oranges to pears, but pears to apples (something called intransitivity of preferences). I leave aside the problem that in real life choices have synchronies: I am not (dynamically) inconsistent if I prefer soup to grapes at the beginning of dinner, but grapes to soup […]

Knowing stuff others don’t know is most effective when…

Knowing stuff others don’t know is most effective when others don’t know you know stuff they don’t know. via Knowing stuff others don’t know is most… – Nassim Nicholas Taleb.

How a Black Swan event can take place without anyone noticing…

Nassim NicholنTaleb Verified account ‏@nntaleb How a Black Swan event can take place without anyone noticing: error propagation and dimensionality. https://drive.google.com/file/d/0B8nhAlfIk3QIczZmQXExTGJ2NDQ/view?pli=1   via Nassim NicholنTaleb on Twitter: “How a Black Swan event can take place without anyone noticing: error propagation and dimensionality. https://t.co/6sjxQI8EHG”.

This is a critical 1 min lecture to understand independence, antifragility, “f** you money”

This is a critical 1 min lecture to understand independence, antifragility, “f** you money”, selfownership, and many things. — (This came 8 years after the f*** you money idea was formulated in The Black Swan, except that it missed the critical later development as Fat Tony explained that ” f*** you” is not financial, but […]

For comments: It takes time for things to break…

For comments: It takes time for things to break, but they eventually break, & there should be no rush although our impulse is to think that they will collapse immediately after we become aware of the problem. Give things time… 3 to 8 years in today’s complex system. By definition the fragile cannot be selfsustaining […]