Nassim Nicholas Taleb on Black Swans
EconTalk
00:00
The Law of Large Numbers
Mediocristan great sothis pleasea salt experiment. That's my classical salt experiment. If you er, collect a thousand people from planet earthe and only members of planet no people from the human race,. Not outside the human race, and not outside planets earth. No giraffes, no geraffes, and nobody else ot planet earth, ok. You have a thousand people, and mix you have, say, no more than a frenchman because it can be annoying to none frenchman. And also one person from texas. And you can put em together if you wantoso. So, literally, ok. The the the exceptional is inconsequential
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