#050 - Fooled by Randomness: Nassim Taleb (Incerto Series)

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For the video version of this episode click here.

Timestamps:

(00:00) Intro / chit-chat

(20:11) Randomness & Luck

(24:46) Monte Carlo Simulation

(31:09) Ergodicity

(31:39) Hindsight Bias

(38:00) Survivorship Bias

(39:50) Asymmetric Bets / John & Nero

(49:53) Skewness & Asymmetry

(57:19) Pascal's Wager

(1:00:53) Induction & Chaos Theory

(1:03:22) Chapter 11

(1:08:45) System-1 vs System-2 Thinking

(1:10:03) Satisficing

(1:20:08) Normative vs Positive Thinking

(1:25:52) Signal vs Noise

(1:28:20) Heuristics

(1:33:45) Final Part of Book (Part 3's Importance)

(1:44:41) Favourite Quotes / Our Lives

(2:06:11) Final Thoughts

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