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Why do [people] confuse probability and expectation, that is, probability [vs.] probability times payoff? Mainly because much... schooling comes from… - Nassim Nicholas Taleb
" "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.
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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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Technology can degrade (and endanger) every aspect of a sucker’s life while convincing him that it is becoming more “efficient.” - The difference between technology and slavery is that slaves are fully aware that they are not free. - You have a real life if and only if you do not compete with anyone in any of your pursuits. - With terminal disease, nature lets you die with abbreviated suffering; medicine lets you suffer with prolonged dying. -
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