upcarta
  • Sign In
  • Sign Up
  • Explore
  • Search

THE FOURTH QUADRANT: A MAP OF THE LIMITS OF STATISTICS

  • Article
  • Sep 14, 2008
  • #Statistics
Nassim Nicholas Taleb
@nntaleb
(Author)
www.edge.org
Read on www.edge.org
1 Recommender
1 Mention
1 Collection
Statistical and applied probabilistic knowledge is the core of knowledge; statistics is what tells you if something is true, false, or merely anecdotal; it is the "logic of science"... Show More

Statistical and applied probabilistic knowledge is the core of knowledge; statistics is what tells you if something is true, false, or merely anecdotal; it is the "logic of science"; it is the instrument of risk-taking; it is the applied tools of epistemology; you can't be a modern intellectual and not think probabilistically—but... let's not be suckers. The problem is much more complicated than it seems to the casual, mechanistic user who picked it up in graduate school. Statistics can fool you. In fact it is fooling your government right now. It can even bankrupt the system (let's face it: use of probabilistic methods for the estimation of risks did just blow up the banking system).

Show Less
Recommend
Post
Save
Complete
Collect
Mentions
See All
David Perell @david_perell
  • Curated in Thougths and Ideas by David Perell
Collections
See All
  • David Perell
    • Collection
    Thougths and Ideas by David Perell
    8 curations
  • upcarta ©2025
  • Home
  • About
  • Terms
  • Privacy
  • Cookies
  • @upcarta