Nassim Nicholas Taleb: Trending quotes (page 10)

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Nassim Nicholas Taleb: 392   quotes 23   likes

“While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.”

Source: The Black Swan: The Impact of the Highly Improbable (2007), p. 198

“If you see fraud and do not say fraud, you are a fraud.”

Source: Antifragile: Things That Gain from Disorder (2012), p. 15

“Consider that the turkey's experience may have, rather than no value, a negative value.”

It learned from observation, as we are all advised to do (hey, after all, this is what is believed to be the scientific method). Its confidence increased as the number of friendly feedings grew, and it felt increasingly safe even though the slaughter was more and more imminent. Consider that the feeling of safety reached its maximum when the risk was at the highest!
Source: The Black Swan: The Impact of the Highly Improbable (2007), pp. 40–41 (Taleb attributes the parable of the turkey to Bertrand Russell, who originally wrote of a chicken.)