Fat tails and risk

I’ve read Nassim Taleb’s work on and off over the years. If you’re not familiar with Taleb, he is the author of The Black Swan, which got noticed after the economic crisis of 2008. I took a quick glance through his twitter feed today and found this video that might be of interest. I’ve gotten tired of the argument that there’s a greater risk of being struck by lightning than being a victim of terrorism. He explains why it is wrong to make comparisons of risks from terrorism to risks from more commonplace hazards.

In general, Taleb is quite sound. Taleb understands the president and why he has been so effective:

I was expecting that Trump would reset the tax code, foreign relations, etc. But I never expected that he would reset the media.

https://www.youtube.com/watch?v=9dKiLclupUM

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drlorentz

About drlorentz

photon whisperer and quantum mechanic

10 Responses to Fat tails and risk

  1. 10 Cents10 Cents says:

    The Doctor is in the house.

  2. 10 Cents10 Cents says:

    Thanks, I watched the video.

  3. Trinity WatersTrinity Waters says:

    Excellent video. Can you recommend writings by him?

  4. TKC1101TKC1101 says:

    Hey, Doc L. So nice of you to drop by. Hope to see more of you.

    Excellent writer you posted here.

  5. AdministratorAdministrator says:

    Welcome!
    The fatuous argument about lightning etc is flawed largely because lightning is not leveraging isolated strikes to effect political domination.
    Conveniently overlooked by the dishonest defenders of terror, who infantilize our sensible response.
    I’m not afraid of getting blown up by a terrorist. I’m afraid of cowards giving my country to the terrorists political masters.

  6. 10 Cents10 Cents says:

    DocLor,

    How about a post on Fat Heads and Risk?

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