Views : 418,532
Genre: Entertainment
Date of upload: Jul 30, 2021 ^^
Rating : 4.92 (100/4,924 LTDR)
RYD date created : 2022-04-08T01:43:26.193921Z
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Top Comments of this video!! :3
Summary:
Stephen Wolfram: "Let's make a physical theory of economics!"
Nassim Taleb: "That's precisely the mistake people make"
For what it's worth, I agree with both: Yes, let's make one; and no, don't ever bet all your savings on any theory.
What a wonderful experience to see two of my heroes together! Please, guys, do more conversations!
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2:10:50 I meant psychology not statistics.
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1:53 "a parameter is right on average, but not as a variable. a function of average is not average of function"
42:57 "law of large number is aggregation, what is central limit theorem is aggregation. something aggregates very well, you don't need to know the detail very well, because the overall is going to work out very well. you build portfolio that works very well on the Gaussian world. the problem is that we don't live in that world."
54:51 "our explanation of time dilation in modern times is the universe is computational. you can either use your computation to compute what happens next in time or you can use their computation to move in space. if you use your computation to move in space, then you will have less computation to use to evolve in time, so time will effectively run slower for you.
1:17:18 "if a currency is just there for illegal activities, in other words the currency for fraudsters ransomware and pariah, cannot be a currency. it needs to have a bunch of suckers around them to trade their currency for it to have a value."
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@ 2:03:30 "N of 1 is a clinical consideration... N of 100 becomes a statistical problem. N of humanity - a pandemic - is a tail risk problem. And the three are three different disciplines" Pure, classic Taleb.
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@Jason-dx8eb
8 months ago
the stuff I wake up to after falling asleep on youtube is funny as hell
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