Nassim Nicholas Taleb talks with EconTalk host Russ Roberts about the manuscript version of his forthcoming book, Skin in the Game. Topics discussed include the role of skin in the game in labor markets, the power of minorities, the Lindy effect, Taleb’s blind spots and regrets, and the politics of globalization.

Link to episode: http://www.econtalk.org/archives/2017/08/nassim_nicholas_1.html

Direct Download Link: http://files.libertyfund.org/econtalk/y2017/Talebgame.mp3

New EconTalk Episode with Russ Roberts: Nassim Nicholas Taleb on Work, Slavery, the Minority Rule, and Skin in the Game

Posted on

August 15th, 2017

Category

Audio, Podcasts

Something is Broken in the UK Intellectual Sphere

What was meant to be a “typical” of Roman Britain by the BBC: flowing quotas of political correctness backward in time.

The BBC did some kind of educational cartoon on Roman Britain and represented “diversity” in terms of someone looking African in the show as representative of “diversity” at the time. The BBC was effectively applying quotas retroactively (I mean, really retroactively). Any dissent from the statistical errors made by the politically correct police is treated as apostasy. Effectively, scholarship is dead

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Two new Medium pieces from Nassim

Posted on

August 4th, 2017

Category

Links, Writing

Join in and give your 2c!

Skin in the Game: Silent asymmetries in Daily Life

— NassimNicholasTaleb (@nntaleb) July 19, 2017

Skin in the Game A The Invisible Matrix of Daily Life B The Hidden Symmetry in Daily Life C Silent asymmetries in Daily Life

— NassimNicholasTaleb (@nntaleb) July 19, 2017

Playing with the most representative title

— NassimNicholasTaleb (@nntaleb) July 18, 2017

Nassim asking Twitter followers for feedback on the subtitle of his new upcoming book Skin In The Game (SITG)

Posted on

July 21st, 2017

Category

Twitter

For fat tailed distributions, the empirical distributions does not reflect the true statistical properties, particularly for extremes. This is a simplified side note to a paper with Mark Spitznagel on why people make a mistake by looking at raw historical data as “empiricism”.

So I am fed up with academics who say “we know it is fat tails” yet not understand the consequences.

Nassim Taleb’s Probability Moocs: The empirical distribution is … not empirical

Posted on

June 12th, 2017

Category

Academic, MOOCs, Videos

I will always remember my encounter with the writer and cultural icon Susan Sontag, largely because it was on the same day that I met the great Benoit Mandelbrot. It took place in 2001, two months after the terrorist event, in a radio station in New York. Sontag who was being interviewed, was pricked by the idea of a fellow who “studies randomness” and came to engage me. When she discovered that I was a trader, she blurted out that she was “against the market system” and turned her back to me as I was in mid-sentence, just to humiliate

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Medium Post: The Merchandising of Virtue

Posted on

May 29th, 2017

Category

Writing

This tutorial presents the intuitions of the randomness of sample correlation (spurious correlation) and the methodologies in derivations. Some later sections are somewhat technical as Nassim rederived an old equation with more precise functions (in order to apply to fat tails) and showed the distribution of the maximum of d variables with n points per variable. This paves the way to the real scientific work on random matric theory under fat tails and the failure of Marchenko-Pastur.

Randomness of Correlation & Its Hacking by Big Dataists

Posted on

May 24th, 2017

Category

Academic, MOOCs, Videos

An interview of Nassim by Bloomberg TV at the SALT Conference. Nassim explains what people aren’t getting about President Trump, then discusses tail hedging and the current risks in the environment.

Nassim on Bloomberg News

Posted on

May 24th, 2017

Category

Politics, Videos

One of the problems of the interventionista –wanting to get involved in other people’s affairs “in order to help”, while genuinely wanting to do good, results in disrupting some of the peace-making mechanisms that are inherent in human’s affairs, a combination of collaboration and strategic hostility. As we saw in the prologue, the error continues because someone else is paying the price.

I speculate that had IYIs (intellectuals yet idiots) and their friends not gotten involved, problems such as the Israeli-Palestinian one would have been solved, sort of –and both parties, especially

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Medium: Peace: Neither Ink nor Blood

Posted on

May 4th, 2017

Category

Academic, Writing