“In the following Edge original essay, Taleb continues his examination of Black Swans, the highly improbable and unpredictable events that have massive impact. He claims that those who are putting society at risk are “no true statisticians”, merely people using statistics either without understanding them, or in a self-serving manner. “The current subprime crisis did wonders to help me drill my point about the limits of statistically driven claims,” he says.”
– Edge: THE FOURTH QUADRANT: A MAP OF THE LIMITS OF STATISTICS By Nassim Nicholas Taleb
The Smarter Planet tumblelog is an outgrowth of IBM’s strategic initiative to help a world of smart systems emerge.
See this primer on Smarter Planet
