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Systems learn by removing

Summary:
Maybe... Taleb ofc approaching it stochastically, "process of elimination" here... and the "system" eliminates the input that corresponded to the failed outcome...Deterministic science trained people instead "make adjustments" in response to failure... ancient Greek "katartismon"... based on the original deterministic functional understanding and the initial input People don’t learn. Skin in the game has the attribute of removing bad drivers from the system.Systems learn by removing. https://t.co/DC2Gq5H0O9— Nassim Nicholas Taleb (@nntaleb) September 23, 2018

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Maybe... Taleb ofc approaching it stochastically, "process of elimination" here... and the "system" eliminates the input that corresponded to the failed outcome...

Deterministic science trained people instead "make adjustments" in response to failure... ancient Greek "katartismon"... based on the original deterministic functional understanding and the initial input

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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