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About this quote

What does it mean?
Unlike a clear game like Russian roulette, reality's risks are hidden and unobservable.
In plain terms
Reality's dangers are not as obvious as a game with known odds.
What can you take from it?
Don't rely on visible odds alone; seek deeper understanding of hidden risks.

Where it applies

  • policy making
  • investment

Putting it to work

  • conduct thorough research
  • use scenario planning

Questions to consider

  • How can we make hidden risks visible?
  • What tools help reveal unseen dangers?

Another view

Comparing reality to a game may oversimplify complex systems.

More from Nassim Nicholas Taleb

  1. [I]t does not matter how frequently something succeeds if failure is too costly to bear.

    Permalink to quote #3
  2. A mistake is not something to be determined after the fact, but in the light of the information until that point.

    Permalink to quote #5
  3. You may not be able to change the world but can at least get some entertainment & make a living out of the epistemic arrogance of the human race.

    Permalink to quote #2

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