In the video below Nassim Taleb explains the concept of "fat tails."
According to Taleb, tails make us understand the world much less than we think; they make much of the quantitative results in social "science" anecdotal (or worse, negative information).
According to Taleb, tails make us understand the world much less than we think; they make much of the quantitative results in social "science" anecdotal (or worse, negative information).
