Nassim Nicholas Taleb (born 1 January 1960 in Amioun, Lebanon) is an essayist, epistemologist, researcher, and former practitioner of mathematical finance.
Biography information from
Wikiquote·
Portrait adapted from
Wikimedia Commons, Sarah Josephine Taleb (CC BY)
LOCALISM,1 Governments come & go, bureaucrats stay. Ministries & agencies aren't run by ministers & transitory figureheads, but by a "deep local microstate" of civil servants who have been there for decades & "own" the inside. Worse: EPA was run by Monsanto, FAA by Boeing.
This idea that in order to make a decision you need to focus on the consequences (which you can know) rather than the probability (which you can’t know) is the central idea of uncertainty. Much
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