Nassim explains the Kelly criterion and illustrates why “risk aversion” in Behavioral Finance is Micky Mouse(™) Science.
Note: If viewing this as an email please click through to the post to view content.
.org (UNOFFICIAL news site)
Nassim explains the Kelly criterion and illustrates why “risk aversion” in Behavioral Finance is Micky Mouse(™) Science.
Note: If viewing this as an email please click through to the post to view content.
Nassim Nicholas Taleb in an interaction with Ami Shah of ETMarkets.com on the sidelines of Times Network India Economic Conclave talks about what makes him bullish on gold, why he’s still betting on crypto, and why he doesn’t invest in India.
Note: If viewing this as an email please click through to the post to view content.
Note: If viewing this as an email please click through to the post to view content.
Statistical Consequences of Fat Tails
Real World Preasymptotics, Epistemology, and Applications
PDF Download Link: https://arxiv.org/pdf/2001.10488
Download Link – https://www.academia.edu/41743064/Systemic…
Reservation Link – https://mofc.unic.ac.cy/mofc-2020-rsvp/
Link to full article: Thetimes.co.uk
Nassim joins Episode 81 of The Beirut Banyan and they discuss the October 17 Revolution and Lebanon’s modern history within the context of complex systems and local structures.
In a pop-up seminar held at the Lebanese American University New York Academic Center and Headquarters on the 7th of November 2019, Nassim discusses the recent protests happening in Lebanon and the idea of localism being a viable solution for the country.
‘A classic’ – Simon Kuper, Financial Times
The five laws that confirm our worst fears: stupid people can and do rule the world.
Since time immemorial, a powerful dark force has hindered the growth of human welfare and happiness. It is more powerful than the Mafia or the military. It has global catastrophic effects and can be found anywhere from the world’s most powerful boardrooms to your local pub. This is the immensely powerful force of human stupidity.
Seeing the shambolic state of human affairs, and sensing the dark force at work behind it, Carlo M. Cipolla, the late, noted professor of economic history at the University of California, Berkeley, created a vitally important economic model that would allow us to detect, know and neutralise this threat: The Basic Laws of Human Stupidity.
If you’ve ever found yourself despairing at the ubiquity of stupidity among even the most ‘intellectual’ of people, then this hilarious, timely and slightly alarming little book is for you. Arm yourself in the face of baffling political realities, unreasonable colleagues or the unbridled misery of Christmas day with the in-laws with the first and only economic model for stupidity.