{"id":49,"date":"2009-04-29T23:43:13","date_gmt":"2009-04-30T07:43:13","guid":{"rendered":"tag:google.com,2005:reader\/item\/3406ec36d0e9596e"},"modified":"2009-04-29T23:43:13","modified_gmt":"2009-04-30T07:43:13","slug":"edge-the-fourth-quadrant-a-map-of-the-limits-of-statistics-by-nassim-nicholas-taleb","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2009\/04\/edge-the-fourth-quadrant-a-map-of-the-limits-of-statistics-by-nassim-nicholas-taleb\/","title":{"rendered":"Edge: THE FOURTH QUADRANT: A MAP OF THE LIMITS OF STATISTICS By Nassim Nicholas Taleb"},"content":{"rendered":"<blockquote><p>Shared by  Woolwit<br \/>\n<br \/>\nFrom Edge.org<\/p><\/blockquote>\n<p align=\"left\"><strong><font face=\"Verdana, Arial, Helvetica, sans-serif\" size=\"2\">THE FOURTH QUADRANT: A MAP OF THE LIMITS OF STATISTICS<br \/>        <\/font><\/strong><\/p>\n<p align=\"left\"><font face=\"Verdana, Arial, Helvetica, sans-serif\" size=\"2\">Statistical and applied probabilistic knowledge is the core            of knowledge; statistics is what tells you if something is true, false, or            merely anecdotal; it is the &#8220;logic of science&#8221;; it is the instrument of            risk-taking; it is the applied tools of epistemology; you can&#8217;t be a modern            intellectual and not think probabilistically\u2014but&#8230; let&#8217;s not be suckers.            The problem is much more complicated than it seems to the casual, mechanistic            user who picked it up in graduate school. Statistics can fool you. In fact it            is fooling your government right now. It can even bankrupt the system (let&#8217;s            face it: use of probabilistic methods for the estimation of risks did just <i>blow up<\/i> the banking system).<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shared by  Woolwit <\/p>\n<p>From Edge.org<br \/>\nTHE FOURTH QUADRANT: A MAP OF THE LIMITS OF STATISTICS                  Statistical and applied probabilistic knowledge is the core            of knowledge; statistics is what tells you if something is true, false, or&#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-49","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/49","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=49"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/49\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=49"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=49"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=49"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}