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Tag Archives: ruin

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

https://twitter.com/nntaleb/status/622407350482305024 https://twitter.com/nntaleb/status/622375840144302080 https://twitter.com/nntaleb/status/622127777064595456 As technology increases, misunderstanding of ruin by a very small number of people is sufficient to guarantee ruin https://www.facebook.com/permalink.php?story_fbid=10153193506938375&id=13012333374 … 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”. Friday probability quiz. X has 2 children. One […]

Ruin is vastly more affected by noise than by the potential benefits or the signal

This picture show the effects of the information ratio (that is, benefits/uncertainty or signal/noise) on ruin; ruin is vastly more affected by noise than by the potential benefits or the signal. (Continuing the previous post). The Precautionary Principle paper is here https://docs.google.com/file/d/0B8nhAlfIk3QIbGFzOXF5UUN3N2c/edit?pli=1 The previous post has not been well digested as people still argued in […]