i brought asort o philosophical problem called the riddles inductionn ju thers a very complex idea of it. If i give you a series of points and you want to make a projection, there's only one and one line that would minimize the erras. You can have an infinity of possible models, each one with an infinityatization ad and we like the problems. Cans gettog it sharper and sharp. I's ging to get sharper and sharper up to a point, a soms some, some, some degree of clarity. Ok. Now, if i do it in ten cranks for you, ok, you won't see the dark, all right.
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.