Nassim has updated his followers on Facebook regarding his latest work debunking IQ science.
Statistical Consequences of Fat Tails
Real World Preasymptotics, Epistemology, and Applications
When someone tells you it was a 10 sigma event, meaning it is 10 standard deviations and it is Gaussian; unless the information came from God, you can reject the Gaussian distribution for that domain. We show the derivations.
This is extracted from my book.
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Nassim Nicholas Taleb, scientific adviser at Universa Investments, discusses risks facing financial markets, U.S. monetary policy and his concerns about deficits with Bloomberg’s Erik Schatzker at the SALT Conference in Las Vegas on “Bloomberg Markets: The Close.” (Source: Bloomberg)
How the correlation of subsections will be lower than the total (in absolute value). With implications for “empirical” research.
Free copy of the paper – https://arxiv.org/pdf/1802.05495.pdf