Quote #16
Forecasting by bureacrats tends to be used for anxiety relief rather than for adequate policy making.
More from Nassim Nicholas Taleb
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- [T]he same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more …
- A casino is the only human venture I know where the probabilities are known.
- In practice, randomness is fundamentally incomplete information.
- Consider that the turkey's experience may have, rather than no value, a negative value. It learned from observation, as we are all advised …
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- We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.
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