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No, the conventional belief is that only a very small proportion of extremely rare events have a major impact, as measured by standard criteria of the importanc
by woodandsteel 7y ago
No, the conventional belief is that only a very small proportion of extremely rare events have a major impact, as measured by standard criteria of the importance of impact. Taleb is arguing that a much larger proportion them do.
- downshun 7y agoIf asked to plot the exact distribution of events in the (rarity, impact) vector space then I'm bound to getting it inaccurate more than not.