Possibility Versus Probability & Decision
Philip Pilkington, author of the buyable The Reformation in Economics: A Deconstruction and Reconstruction of Economic Theory, asks a follow-up question to the ...
Search Results for: probability
The Probability Of Your Existence
On Labor Day, it’s well to ponder your existence. A version of this column originally ran 7 July 2014. To the nearest order of magnitude, there have exist...
Taleb’s Curious Views On Probability — Part III: Ergodicity & All That
Read Part I, Part II Ergodic in probability has a technical definition. Without going into mathematical details (which are fine except possibly when applied), a...
Taleb’s Curious Views On Probability — Part II: Skin in the Game
Read Part I It is in one sense fortunate that the mathematical, or rather quantitative, roots of probability began with gambling. Routine gambles are easy to un...