If you can explain one thing and its opposite using the same data you don’t have an explanation. It takes a lot of courage to keep silent.
Content: Quotation | Author: Nassim Nicholas Taleb | Source: Edge Foundation | Subject: Analysis
A black swan is an outlier, an event that lies beyond the realm of normal expectations. Most people expect all swans to be white because that’s what their experience tells them; a black swan is by definition a surprise. Nevertheless, people tend to concoct explanations for them after the fact, which makes them appear more predictable, and less random, than they are. Our minds are … [ Read more ]
Content: Article | Author: Nassim Nicholas Taleb | Source: Edge Foundation | Subjects: Miscellaneous, Organizational Behavior