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Tag Archives: Taleb

Dance With Chance – Making Luck Work For You

In a nutshell, Dance with Chance is all about knowing what you can and cannot predict and, therefore, what you can and cannot control. Think about it. Every day human beings make decisions. Some are important: should you invest your life savings in the stock market? Others are trivial: should you take an umbrella today? […]

Nassim Taleb on the Financial Crisis

From EconTalk.org (Includes full transcript). Direct link to mp3 interview Nassim Taleb talks about the financial crisis, how we misunderstand rare events, the fragility of the banking system, the moral hazard of government bailouts, the unprecedented nature of really, really bad events, the contribution of human psychology to misinterpreting probability and the dangers of hubris. […]

Daniel Kahneman – A Bat and a Ball Cost $1.10

[Update 9/8/2010 A paper Danny co-authored, “Income’s Influence on Happiness” has just been released.] … the bat costs $1 more than the ball. How much does the ball cost? Daniel Kahneman KNOWS that the first thought that entered your head was $.10–even if you’re a Computer Science major at MIT. But that’s the wrong answer. […]

Nassim Nicholas Taleb – The Future Ain’t What It Used To Be

If you want to be a dentist, it’s rational to assume that if you go to school, get your degree, and set up a dental practice, you will be able to attain a comfortable standard of living. You may be able to project your probable income range with some degree of accuracy. But if you […]