4 Nassim Nicholas Taleb Quotes on Uncertainty

Nassim Nicholas Taleb quotes on uncertainty

4. [U]nlike a well-defined, precise game like Russian roulette, where the risks are visible to anyone capable of multiplying and dividing by six, one does not observe the barrel of reality.

11. Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.

14. A casino is the only human venture I know where the probabilities are known.

18. In practice, randomness is fundamentally incomplete information.