by 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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
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.
— Nassim Nicholas Taleb (@nntaleb) September 23, 2018
Systems learn by removing. https://t.co/DC2Gq5H0O9