Taleb criticizes the use of simplified models and statistical theories in predicting real-world events, calling it the Ludic Fallacy.
He believes life is far more complex and less predictable than these models suggest.
Taleb argues that while these models work in controlled environments like casinos (ludus), they fail to account for the chaos and unpredictability of the real world.
By relying on these models, we create a false sense of security and ignore the potential for outlier events that can disrupt our expectations and calculations
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Discover how unpredictable, game-changing events shape our world and how we can thrive amidst uncertainty in Nassim Nicholas Taleb’s “Black Swan.”
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