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#nassimnicholastaleb#extremevaluetheory#fattails
106K subscribers • 1 video on Hallway
Intermediate. Assumes working knowledge.
51K views9 years ago2 recommendations
Computer scienceMath for programmersClassic machine learning
Nassim Taleb explains the difference between thin-tailed and fat-tailed risk distributions using extreme value theory without complex mathematics.
How "evidence" about the risk of terrorism as shown in the NYT and by BS vending outlets makes no sense statistically. Explains the difference between classes using principles of Extreme Value Theory EVT without any math.What people say. Pointed to as a clear explanation of why comparing fat-tailed risks like pandemics or terrorism to thin-tailed risks is mathematically incorrect.
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