Nassim Nicholas Taleb - Random Quotes

4 Sourced Quotes

View all Nassim Nicholas Taleb Quotes

Because our minds need to reduce information, we are more likely to try to squeeze a phenomenon into the Procrustean bed of a crisp and known category (amputating the unknown), rather than suspend categorization, and make it tangible. Thanks to our detections of false patterns, along with real ones, what is random will appear less random and more certain—our overactive brains are more likely to impose the wrong, simplistic, narrative than no narrative at all.

Nassim Nicholas Taleb

It was obvious that their profits were simply cash borrowed from destiny with some random payback time.

Nassim Nicholas Taleb

We are robust when errors in the representation of the unknown and understanding of random effects do not lead to adverse outcomes —fragile otherwise.

Nassim Nicholas Taleb

There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient (...), and a random one (...). In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.

Nassim Nicholas Taleb