“The pay-off of a human venture is, in general, inversely proportional to what it is expected to be”
Interesting.
Expert/Non-Expert distinction == distinction in narrating ability ?
Expert/Non-Expert distinction == distinction in narrating ability ?
“I disagree with followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill.”
“Successions of anecdotes selected to fit a story do not constitute evidence. Anyone looking for confirmation will find enough of it to deceive himself - and no doubt his peers.”
The funny thing about Taleb is that his books are often contradictions.
They contain many anecdotes. An irony considering the quote above.
He uses narratives to demonstrate the dangers of the narrative fallacy.
“You need a story to displace a story.”
They contain many anecdotes. An irony considering the quote above.
He uses narratives to demonstrate the dangers of the narrative fallacy.
“You need a story to displace a story.”
“Our minds are wonderful explanation machines, capable of making sense out of almost anything, capable of mounting explanations for all manner of phenomena, and generally incapable of accepting the idea of unpredictability.”
“Categorizing is necessary for humans, but it becomes pathological when the category is seen as definitive, preventing people from considering the fuzziness of boundaries, let alone revising their categories.”
“In general positive Blck Swans take time to show their effect while negative ones happen very quickly - it is much easier and much faster to destroy than to build.”
• • •
Missing some Tweet in this thread? You can try to
force a refresh
