How the correlation of subsections will be lower than the total (in absolute value). With implications for “empirical” research.
Link to PDF – https://www.dropbox.com/s…
Free copy of the paper – https://arxiv.org/pdf/1802.05495.pdf
Link to YouTube video – https://www.youtube.com/watch?v=szXf0VLuQLg
Background : “IQ” is a stale test meant to measure mental capacity but in fact mostly measures extreme unintelligence (learning difficulties) as well as, to a lesser extent, a form of intelligence, stripped of 2nd order effects. It is via negativa not via positiva. It is meant to select exam-takers, paper shufflers, obedient IYIs (intellectuals yet idiots), ill adapted for “real life”.
“IQ” measures an inferior form of intelligence, stripped of 2nd order effects, meant to select paper shufflers, obedient IYIs. 1- When someone asks you a question in REAL LIFE, you focus first on “WHY is he asking me that?”, which slows down. (Fat Tony vs Dr John)
Link to Thread: https://twitter.com/nntaleb…
Live from RiskMinds International, Nassim Nicholas Taleb, Trader and Scholar & Risk Engineer at NYU-Tandon School, shares his thoughts on our understanding of risk, the human factor, and what our grandmothers got right.