Get the new 5 volume Incerto set here: https://amzn.to/2Ldtv0F
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
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”.
From Nassim’s Twitter:
So the TECHNICAL INCERTO is online:
VOL1- The Statistical Consequences of Fat Tails
VOL2- Convexity, Risk, and Fragility (in progress)
Link to Tweet: https://twitter.com/nntaleb/status/1019945258732412928
From Nassim Taleb’s Facebook Page:
My Technical Incerto Vol1: The Statistical Consequences of Fat Tails is almost done. This is the freely available draft for error correction.
Link to Paper: https://www.academia.edu/37221402/TECHNICAL…
Link to Facebook Discussion: https://www.facebook.com/nntaleb/posts/10156061900203375
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 to be replaced).
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.