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I've just started reading this, and wanted to say TYPOS before I forgot. Not that I could forget, there's one every couple of pages. Which is annoying, as there is clearly good stuff in here, from which this detracts - those formulae that I can't quite follow through, is that a typo, an error by the author, or just me being dim? Hmm... I shall report more as I get further in...Right, we've finished it now. Taleb is certainly opinionated - very opinionated about other people and their views, at t...
Read the pre-print. Blew my mind. This was for me a better explanation of NNT’s messages than his pure prose books if you have a good background on statistics and random processes.
TBH I expected a lot of rambling -- I did get the rambling, a smattering of straight dunks on famed economists, but also a bunch of interesting technical commentary on extremal value theory, fat-tailed distributions, and their connections to stock market phenomena and rationality.Examples:- ReLU/ramp activation functions in ML are call/put options. Hence, one can approximate any nonlinear payoff function with a collection of call + put options.- You know those people that want to have "well-cali...
It was extremely illuminating. I come from having a background in data science and I was in the middle of a project that involved portfolio optimization theory. This book taught me the limits of this theory quite well. Of course, this book is a lot more general than that, so you can expect to find it useful for whatever you are doing, as long as you want to learn about the limits of the statistics that is typically learned and used within your domain. However, I must say that I found this book e...
Indispensable for practitioners.
The "Technical Incerto" is the mathematical companion to the series of books beginning with Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets and which includes both The Black Swan: The Impact of the Highly Improbable and Antifragile: Things That Gain from Disorder. While Taleb's other books are written without equations, and make mathematical arguments using intuitive, non-technical presentations, Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistem...
This is the one we've been waiting for, kids! It touches on a wide variety of issues that have bothered me over the years. Gets "Math Book of the Year" award for my purposes! Not for the mathematically challenged. N.B.: Preprint is ArXiv 2001.10488.
Very rich book but very technical and not for everyone. A good reference source.
Great potential for this book. Still in the developing phase, so can't fully appreciate it.