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

The Stephen Wolfram Podcast

CHAPTER

How to Survive in a Casino

The problem with the wittake, not looking at dynamics for for inequality. It's exactly the same problem as risk. So for example, when people say, oh, it's a fair bet. And people are stupid, so it's a good bet. 55 forty five, like an richer sailors. E, i had a twitter fight with him ad, started by, you know, it's irrational to not take that bet. Incidentally, you cantot go bankrupt, even if you have fair odds, because you cannot surviveudo not take an arathmetic, verical average takinger. This is one example of things that an economics that practitioners know, and erto tell

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