painting Pedophrasty

Definition: Argument involving children to prop up a rationalization and make the opponent look like an asshole, as people are defenseless and suspend all skepticism in front of suffering children: nobody has the heart to question the authenticity or source of the reporting. Often done with the aid of pictures.

Can also describe the exploitation of babies by professional beggars who rent them from their parents and use them as potent appendage in their trade(remember that children tend to grow and need

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Medium: Pedophrasty, Bigoteering, and Other Modern Scams

Posted on

June 25th, 2018

Category

General, Links, Writing

photo of elephants

What is Skin in the Game? The phrase is often mistaken for one-sided incentives: the promise of a bonus will make someone work harder for you. For the central attribute is symmetry: the balancing of incentives and disincentives, people should also penalized if something for which they are responsible goes wrong and hurts others: he or she who wants a share of the benefits needs to also share some of the risks.

Link: https://medium.com/incerto/what-do-i-mean-by-skin-in-the-game-my-own-version-cc858dc73260

Medium: What do I mean by Skin in the Game? My Own Version

Posted on

June 15th, 2018

Category

General, Links, Writing

Taleb is a very difficult person to pin down. As Ralph Nader put it last month: “You cannot pigeonhole him!” But I think that introduction to his insight (and foresight) should suffice to convince even those who have never heard of him before that he’s worth listening to.

Taleb is a former trader, a professor at NYU, and the author of several best-sellers including Fooled by RandomnessThe Black SwanAntifragile, and his just-released Skin in the GameBut perhaps its best to classify him as a “flaneur,” someone who — according to the Oxford Dictionary, “saunters around

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The Motley Fool interviews Nassim Nicholas Taleb

Posted on

June 11th, 2018

Category

General

Nassim Nicholas Taleb and Tyler Cowen

“Though what Taleb was really after was a discussion with Bryan (read that here), the philosopher, mathematician, and author most recently of Skin in the Game also generously agreed to a conversation with Tyler.

Continue reading on Medium: https://medium.com/conversations-with-tyler/tyler-cowen-nassim-nicholas-taleb-skin-in-the-game-black-swan-104620da8a57

[Podcast] Conversations with Tyler: Nassim Nicholas Taleb on Self-Education and Doing the Math

Posted on

May 31st, 2018

Category

Audio, Podcasts

Antifragile explains why understanding x is different from f(x) the payoff or exposure from x. Most of the harm/gains come from f(x) being convex or concave not understanding x. Forecasting is off an average, and average is for academics and other morons.

This video illustrates the point with XIV that went bust while being correct about volatility –and why people who make money are usually wrong.

[YouTube] Explaining both the XIV trade and why forecasting is BS

Posted on

February 28th, 2018

Category

MOOCs, Videos