Locke’s definition of a madman: someone “reasoning correctly from erroneous premises. - Nassim Nicholas Taleb
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Locke’s definition of a madman: someone “reasoning correctly from erroneous premises.
English
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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.
Biography information from
Wikiquote·
Portrait adapted from
Wikimedia Commons, Sarah Josephine Taleb (CC BY)
Why do [people] confuse probability and expectation, that is, probability [vs.] probability times payoff? Mainly because much... schooling comes from examples in symmetric environments... the... bell curve... is entirely symmetric.
Authors, artists, and even philosophers are much better off having a very small number of fanatics behind them than a large number of people who appreciate their work. The number of persons who dislike the work don’t count — there is no such thing as the opposite of buying your book,
Delivering advice assumes that our cognitive apparatus rather than our emotional machinery exerts some meaningful control over our actions.
