The Law of Large Numbers

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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

Nassim Taleb talks about the challenges of coping with uncertainty, predicting events, and understanding history. This wide-ranging conversation looks at investment, health, history and other areas where data play a key role. Taleb, the author of Fooled By Randomness and The Black Swan, imagines two countries, Mediocristan and Extremistan where the ability to understand the past and predict the future is radically different. Taleb's contention is that we often bring our intuition from Mediocristan for the events of Extremistan, leading us to error. The result is a tendency to be blind-sided by the unexpected.