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LOOSE_FEATHERS


                                             May  6, 2008

                                             BLACK_SWAN


      A problem I have with Taleb: he's wrong in so many
      incidental details, it's difficult to avoid getting
      lost in an orgy of quibbling...

                        But still worse, would be to miss
                        an important clue, because the
                        discrepancy looks like just
                        another quibble at first glance.

                                              But sometimes small things
                                              add up... which is why
   "... this trade-off between                nerds have their uses.
   volatility and risk can show
   up in careers that give the                        IN_DEFENSE_OF_NERDS
   appearance of being stable,
   like jobs at IBM until the
   1990s.  When laid off, the
   employee faces a total void:             "If it were a bigger planet,
   he is no longer fit for                   then it would have mountains
   anything else." -- p. 204-205             that would dwarf the
                                             Himalayas, and it would
   I find it extremely unlikely              require observation at a
   that a suddenly-laid-off IBM              greater distance for it to
   employee would have that much             look smooth."  -- p. 260
   difficulty finding another
   job (I don't remember an                  Actually, no, the larger the
   epidemic of ex-IBMers                     planet, the larger the
   starving in the streets... I              gravity, which tends to
   do remember running into one              smooth it out more.
   of them working at Netscape).             "Olympus Mons" on Mars is
                                             taller than "Everest".



             "I find it ludicrous to present the
             uncertainty principle as having anything to
             do with uncertainty.  Why? First, this
             uncertainty is Gaussian.  On average, it
             will disappear ... " --p. 287

             In a chaotic system, tiny differences in
             initial conditions can have large effects,
             and the uncertainty principle means that
             you can never know the initial conditions
             precisely.

                Chaos amplifies that
                imprecision to fill
                the world.

                                       The "uncertainty principle"
                                       has certaintly been much
                                       abused by wonky thinkers,
                                       but it doesn't change the
                                       fact that this sort of
                                       uncertainty matters a lot.

                                                            The "uncertainty
                                                            principle" and
                                                            "relativity" were
 "... when you look at an                                   very popular with
 object, composed of a                                      fuzzy-studies
 collection of particles,                                   people claiming
 the fluctuations of the                                    confirmation that
 particles tend to balance                                  the world is fuzzy.
 out.  ...  But political,             A justification
 social, and weather                   for ignorance,       One can not
 events do not have this               back before the      conclude from
 handy property ..."                   Tetlock/Taleb era?   Einstein's
    -- p. 287                                               relativity, that
                                                            "everything is
 So, Taleb complains                                        relative"...
 that there's barely                                        the theory is
 any reason to call the                                     very specific
 behavior of a gas                                          about which things
 "uncertain": it                                            are relative.
 averages out!                                              And it also
                                                            holds that some
 Unlike the weather?                                        things are
                                                            absolute (the
 But then, first and                                        speed of light).
 foremost, the weather *is*
 a large system of gas.                                     Similarly, the
                                                            "uncertainty
                                                            principle"
                                                            doesn't claim
                                                            that *everything*
                                                            is uncertain. We
                                                            can not know
                                                            position and
   "Looking into the outcome of the war,                    velocity alone
   with all my relatives, friends, and                      with infinite
   property exposed to it, I face _true_                    precision, but
   limits to knowledge.  Can someone                        the product of
   explain to me why I should care about                    the two is
   subatomic particles that, anyway,                        confined to a
   converge to a Gaussian?"  -- p. 288                      well-defined
                                                            envelope.
       No, I probably can't -- but what are
       you really asking?  Do you want me to
       explain to you why science matters?

       If you want to call your relatives on
       a cell phone, the electronics you're
       using couldn't have been created
       without some understanding of Quantum
       Mechanics.  Does that help?






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