People overvalue their knowledge and underestimate the probability of their being wrong. - Nassim Nicholas Taleb

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People overvalue their knowledge and underestimate the probability of their being wrong.

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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

Also Known As

Alternative Names: Nassim Taleb
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Additional quotes by Nassim Nicholas Taleb

we are not made to view things as independent from each other. When viewing two events A and B, it is hard not to assume that A causes B, B causes A, or both cause each other. Our bias is immediately to establish a causal link.

The only way we have left to control suicide-terrorists would be precisely to convince them that blowing themselves up is not the worst-case scenario for them, nor the end scenario at all. Making their families and loved ones bear a financial burden — just as Germans still pay for war crimes — would immediately add consequences to their actions. The penalty needs to be properly calibrated to be a true disincentive, without imparting any sense of heroism or martyrdom to the families in question.

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