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Nassim Taleb provides a good example in his book Fooled by Randomness. Imagine that a politician passed a $1 billion requiring all airline cockpits to be locked
by kaa2102 12y ago
Nassim Taleb provides a good example in his book Fooled by Randomness. Imagine that a politician passed a $1 billion requiring all airline cockpits to be locked prior to 9/11. That politician would probably be criticized and then voted out of office.