The Logic of Risk Taking. A central chapter that crystallizes all… | by Nassim Nicholas Taleb | INCERTO | Medium
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A central chapter that crystallizes all my work. In forth. Skin in the Game
The Logic of Risk Taking Nassim Nicholas Taleb 13 min read · Aug 25, 2017 -- 118 Listen Share A central chapter that crystallizes all my work. In forth. Skin in the Game Time to explain ergodicity, ruin and (again) rationality. Recall from the previous chapter that to do science (and other nice things) requires survival t not the other way around? The difference between 100 people going to a casino and one person going to a casino 100 times, i.e. between (path dependent) and conventionally understood probability. The mistake has persisted in economics and psychology since age immemorial. Consi
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