18min chapter

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Nassim Taleb — Meditations on Extremistan

The Joe Walker Podcast

CHAPTER

Misunderstanding Correlation in Social Science

This chapter explores the frequent misconceptions surrounding correlation, particularly its distinction from causation, and its implications in fields like finance and decision-making. The discussion highlights the limitations of traditional statistical metrics and advocates for a more nuanced understanding of data relationships. It also examines the historical context of probabilistic methods and the challenges in applying generalized findings to individual cases.

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