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If majority of academics vote Democrat, it is not random: they 1) don't have skin in the game, (others take risks for them) 2) are not productive me… - Nassim Nicholas Taleb
" "If majority of academics vote Democrat, it is not random: they 1) don't have skin in the game, (others take risks for them) 2) are not productive members of society but want to lecture others on what to do 3) have steady income etc.
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About Nassim Nicholas Taleb
Nassim Nicholas Taleb (born 1 January 1960 in Amioun, Lebanon) is an essayist, epistemologist, researcher, and former practitioner of mathematical finance.
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Nassim Taleb
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Maximizing the probability of winning does not lead to maximizing the expectation from the game when one's strategy may include , i.e., a small chance of a large loss and a large chance of a small win. If you engaged in a Russian Roulette-type strategy... you are likely to show up as the winner in almost all samples—except in the year when you are dead.
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