The Incerto Podcast Rory Sutherland | Nassim Taleb Wrote The Book Jacket For Alchemy
5 snips
Feb 28, 2023 AI Snips
Chapters
Transcript
Episode notes
Statistical Misrepresentation
- Statistical misrepresentation is a bigger problem than we realize, with competent statisticians outnumbered by dangerous ones.
- Naive assumptions by intelligent people, often wrong by orders of magnitude, can be very harmful.
High-Speed Rail and Concorde
- High-speed rail models don't differentiate between saving many people a little time versus saving a few people a lot of time.
- Concorde's failure illustrates this, benefiting too few people enough to justify its cost.
Hidden Asymmetries
- We simplify the world for mathematics, assuming smoothness and symmetry where there are lumps and asymmetries.
- These hidden asymmetries affect many areas, like EU freedom of movement.