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“Are you gonna bark all day, little doggy, or are you gonna bite?”

bark-doggy

This is exactly the phrase that crosses my mind when reading the critics of Taleb’s Ten principles for a Black Swan-proof world, mostly from ‘distinguished’ financial ‘experts’. But the dog can bite in this case! I can feel their wrath, often mere desperation and basically, a persistent lack of objective argumentation against Taleb’s postulated theory of inherently unpredictable [...]

Taleb’s Appendix – Empirical Data for Black Swans

The Role and Nature of High Impact Events (Black Swans): Technical Commentary and Empirical Data  -  Written by N. N. Taleb This is an appendix to the Edge piece.  It is striking how some simple, simple tests (of stability of the 4th moment and failures of stress testing) can invalidate tens of thousand of research papers [...]