"In the real world what matters is what you get when right, not HOW OFTEN right" - Taleb

in #risk • 9 years ago (edited)

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Many "nudges" from behavioural economics were established with no math rigor. That's why libertarian paternalism is not better than any other kind of paternalism

https://twitter.com/nntaleb/status/953945286283546624

Photo by Ricardo Gomez Angel on Unsplash

#taleb #sitg #reputation #no-payoff
9 years ago in #risk by
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       9 years ago 

      nntaleb Nassim Nicholas Taleb tweeted @ 18 Jan 2018 - 11:00 UTC

      The opposite. There is no payoff. Forecasters forecast success probability not payoff from success, hence will game… twitter.com/i/web/status/9…

      Disclaimer: I am just a bot trying to be helpful.
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