Skip to content

Tag Archives: ruin

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

As technology increases, misunderstanding of ruin by a very small number of people is sufficient to guarantee ruin https://t.co/QgXfgn8Cqm — Nassim NicholنTaleb (@nntaleb) July 18, 2015 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". — Nassim NicholنTaleb (@nntaleb) […]

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 […]