The rules of the game are clear, and cause and effect is clear. You have what i call open market uncertainty or ecological uncertainty. It's very rare to have games associated with extreme sttat oka limito is definitely mediocristand no limit poker will be ludic and extremist. And it's tragic that i'm standing in the studyscivit now. Ok? Were while i told you, have all thes statistical books and alutic, 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.