Tag Archives: Nicholas Taleb

QUESTION TO THE READERS: Could anyone guess what Nassim Nicholas Taleb would think of the prediction markets?

Fortune: The idea that catastrophe can strike without warning does not seem particularly hard to understand. Why doesn’t Wall Street ever seem to allow for that possibility? And why doesn’t it learn from past catastrophes? Let me blame business schools … Continue reading

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Nassim Nicholas Taleb likens modern-day financial markets to medicine in the 1800s, when going to a hospital in London or Paris multiplied your risk of death by four times, he says. Similarly, quants increase risk by deploying flawed financial tools designed to reduce it, he argues.

Via Stan Jonas, Nassim Nicholas Taleb cited in a Bloomberg article (Taleb Outsells Greenspan as Black Swan Gives Worst Turbulence): Stress tests are inherently risky because they ignore rare but potentially devastating events. [...] .. [“stress test” = Wall Street … Continue reading

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Prawf Andrew Gelman on Nassim Nicholas Taleb

Andrew Gelman is a very meticulous blogger. He is one of the few bloggers I read who publishes long book reviews. – Andrew Gelman on Nassim Taleb’s The Black Swan – Andrew Gelman on Nassim Taleb’s Fooled by Randomness Previous: … Continue reading

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Nassim Nicholas Taleb’s Weird Wisdom

Lunch with Jason Ruspini’s Guru, Nassim Nicholas Taleb – by Felix Salmon #1. Nassim Nicholas Taleb doesn’t give the fist fig about Robin Hanson’s OvercomingErrors blog. #2. Nassim Nicholas Taleb’s two favorite sites/blogs are so dull and so boring that … Continue reading

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