https://twitter.com/nntaleb/status/602476618108436482
A formalization of the barbell strategy: “Tail risk constraint and maximum entropy” (Final Version) http://www.fooledbyrandomness.com/barbell.pdf
Formalization of the Barbell: finally submitted paper to a journal specialized in information theory.
Tail Risk Constraints and Maximum Entropy pdf
The Barbell formalized: Tail Risk Constraints and Maximum Entropy http://www.fooledbyrandomness.com/barbell.pdf
via The Barbell formalized: Tail Risk Constraints… – Nassim Nicholas Taleb.
The author and philosopher and the Ogilvy Group UK vice-chairman join John Plunkett at the Cannes Lions International Festival of Creativity to discuss how ideas relating to resilience, uncertainty, randomness and variation can apply to the advertising industry. They look at how the ’80/20′ theory of resource allocation can lead to disproportionate gains for minimal risk