Nassim Nicholas Taleb on Black Swans
EconTalk
00:00
The Confirmation Bias
Folfool by randomes that hay, what? What am i all about? And eri dis im thinking, how can i link ever i've been thinking about for the last x number of years. D then i realize, he you know, it is the confirmation bias. The confirmation bias is simply not taking seriously what you don't see and taking more seriously what you see. In less primitive environments, saye for example, if you ere don't see a huge elephant, you're ok, ok. Atars are not going to be a huge elephant. But in a non-primitive environment, you will have to wait much longer before drawing consequence. Fat tales mean
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