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 Originally Posted by wufwugy
Paging Nassim Taleb.
My take on Taleb is that he's a gifted mathematician who for whatever reason tried to apply his skills to a field to which they aren't suited and then got butthurt when they weren't appreciated by people in a field they weren't suited to. He then pointed out what a waste of his talent that field was and everyone knowledgeable about maths agreed and everyone else got the other message that certain fields have too much variance for anyone trying to find some predictive parameter to make a useful model.
At least I think the latter message is worth communicating to economists who would otherwise argue that they know how a butterfly flapping its wings can affect the economy.
To me this is a bit 'no shit' - something like Tolstoy saying that Math doesn't appreciate literary genius.
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