Happening to watch this video when I'm reading the chapters on Mandelbrot, Power laws and the Great Intellectual fraud of the Gaussian in the Black swan.Happy to have stumbled upon this goldmine of lectures, especially before I start my PhD to study Robustness of Supply chains. I shall be more empirical and try to be wary of Ludic Fallacies.
These gems deserve better camera , microphone and things so that viewers will get a grasp of his ideas and wisdom without much interruptions. Thank you for sharing
Thank you for the explanation. I watched all 23 minutes of it, didn't really think it's long anyway. Probably gonna watch it again cause i'm really lacking on technical (although you have made it greatly simplified). Anyway i really appreciate you doing this since this is really good for layperson like me to understand. Thank you and i notice you are doing great job on your weight loss
To me it’s more intuitive to describe Gaussian style as having SQUARED exponential drop off. Contemplating that leads to much of this insight. Increase x, move out, by a unit, probability goes down by square of x not by a fixed fraction like the exponential for example. Then everything follows.
Hi Taleb! The lecture was super informative as expected and I found your enthusiasm child like when talking proudly about power law as compared to other distributions! I have only a small observation, you neglected to mention that the exponent or power as you call it is itself subjective! The implications are obviously considerable! Just an honest observation, please correct me if I'm wrong! Thanks for such awesome videos! 😁👍
This whole series is basically Prof Taleb telling me that my stats class in college was mostly a waste lmaooooooo. Jokes aside where can I learn more of real, practical stats? Very interested in learning.
Hey Nassim,, long time since our fx options days. Hope all is well.. funny, live a lot longer than 92 if you’re 80 and lift weights, don’t hang around economists & don’t own bitcoin! Chris
Your stats classes definitely weren't a waste of time, you will need the material covered to understand more complicated concepts like fat tailed distributions. Normal distributions aren't wrong in certain scenarios, they just often over simply the real world.
I love how low tech these talks are. You really do not need more than a 20 years old phone and a toy board to make a great talk, if you know your sht. Taleb really knows his sht.
Very interesting information. Thanks. Please continue like this!!! However, request you to please improve light and other technical aspects further. It is much better now than the earlier videos but with minor changes, you can improve further. Warm regards
Man, I've NEVER struggled this hard in my life to understand a video. I just know that I'll regret it if I don't understand what is being said here. Time to watch this video 20 times until I get it.
Yeah I followed his other stuff pretty easily. Most of this video is understandable too. Gotta listen again. Maybe because I have seen the other stuff everywhere else to some degree
@Dan Campbell agreed my man. We all have our own speeds.... I just reread my comment and realized i didn't articulate well. I meant to say that I too found this video difficult compared to other videos and I gotta watch more than once to understand this video. Good luck
Very nice explanation, and very interesting inshights. I liked the exponential life expectancy == no aging. I wonder if there is/could-be a population with power-law life expectancy, and what would be the mechanics of that?
13:20 - "...if you don't hang around economists, if you don't own Bitcoin, or if they ban Bitcoin..." 3 years later it is being discovered that Bitcoin network is growing via Power Law. I came here to better understand power laws because of Bitcoin. The irony in this in unreal.
Try @mikeandallie website, he went through few chapters from prof Taleb book. Otherwise, @nntaleb twitter, comments on the papers are often illustrated with real life examples. N.B. look for keywords, lot of noise generated by bitcoin people/cult requiring some additional filtering. Cheers !
Friend, I have an older GoPro (5 I think) that can shoot in 4k. I am not using it. I can mail it to you or somewhere anonymous or something. A worthwhile donation to the community!
@@j.r.Bambus Sorry I am a bit confused. I read some of his books a while ago. Additionally, he's clearly unwilling to buy a new camera and mine is collecting dust. I will benefit from the better quality video?
@@security_threat its not about the camera. its about how much you have to concentrate to listen to something, clear voice and 8k camera quality will make your brain less concentrated. Remeber it from his books
Maybe if aging biology research translates to humans, we may be able to increase healthy (and maximal) lifespan... I see Nassim follows some scientists in this area on twitter ;)
