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A conversation between Nassim Nicholas Taleb and Stephen Wolfram (July 2, 2021) [Part 1]

The Stephen Wolfram Podcast

CHAPTER

Pareto 80 20 Paritiv Distributions, Ok?

The distribution of the mean is very concentrated, ok? If i go to the 200 and iv, if i take 300, you see, look at this. Most observation are between forty six andand observation, bet forty eight, 52. That's called te the saint law of large numbers,. You're going to have the distribution of your mean compress as your sample becomes larger. Oquet, and that the variance of your mean is going to be small.

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