A theory is like medicine or government: often useless, sometimes necessary, always self-serving and, on occasion, lethal. It needs to be used with c… - Nassim Nicholas Taleb
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A theory is like medicine or government: often useless, sometimes necessary, always self-serving and, on occasion, lethal. It needs to be used with care, moderation and close adult supervision.
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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)
The first leg of the triplet is the pathology of thinking that the world in which we live is more understandable, more explainable, and therefore more predictable than it actually is.
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.
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