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The Ludic Fallacy Explained

The Incerto Podcast

CHAPTER

The Ludig Fallacy

Taleb: We are continually fooled by randomness and survivorship bias into thinking that we do know a thing. There are always going to be variables outside of our understanding because small unknown Variations in the data can have a huge impact now anybody knows this who understands the black swan But I'm going to give some examples When you're playing roulette blackjack or poker Ludig games that have defined invisible variables You're going to struggle to prove the Ludig fallacy.

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