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by SkyMarshal
2336 days ago
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>start with a total platitude (rare events happen), That's not exactly what he says. He doesn't care about whether an event is rare or frequent, but only in combination with its consequences/impact. His main point is that we're not good at assessing the risk/costs of rare but high-impact events, that our statistical and modelling tools are insufficient for that domain too, and thus we tend to be complacent in our decision making about them. He implicitly argues it's not a platitude because we keep getting it wrong on large scales. Fwiw his best short problem statement may be this essay in Edge.org from ~10yrs ago: https://www.edge.org/conversation/nassim_nicholas_taleb-the-... |
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