Quote: (02-04-2017 09:03 PM)Hypno Wrote:
Taleb is a very original thinker. I recommend all of his books. Perhaps the best, and most accessible, is Fooled by Randomness. Black Swan is better known but reads more like a textbook. In Fooled by Randomness, he shares that he was working for a Wall Street firm. He was barely staying employed, but doing things his own way, and the right way. Guy across the street kept getting giant bonuses, until he blew up and lost everything, because he wasn't doing it right. That is just scratching the surface but there are some deep statistical and psychological insights in the book.
nnt does have a few EXCELLENT ideas - but i haven't heard anything truly new from him in a while. if you look at his most recent work (i have graduate level training in probability/statistics from cal) he is trying to do exactly what he is pointing out "economists" do - using complex/esoteric math to address things for which such math is a completely inappropriate language.
all the fame and (i)notoriety got to him, unfortunately.