[Twitter] A mini tutorial explaining the #FooledbyRandomness point

Mistakes often made in the interpretation of R^2 beyond the standard textbook by people who haven’t studied the ‘Fooled by Randomness’ effect on parameters of distribution, particularly when samples are small.

Never use Single-point Estimates for Pandemics

ERRORS 101
Never produce a point estimate for risk management, esp. in a fat-tailed domain, rather show statistical properties. Never judge a risk management stance from point forecasts.

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

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