Browsing: Daniel Kahneman

Posts Tagged ‘ Daniel Kahneman ’

Taleb: What Size Tail Does the Smart Money Bet On?

Jan 28th, 2020 | Filed under: Newly Added, Machine Learning, The A.I. Industry, Financial Economics Theory, Risk management, Behavioral finance, Risk Management Strategies & Processes, Finance & Economics, Other Topics in A.I.

Statistician/philosopher Nassim Nicholas Taleb critiques “behavioral” economics and finance as he looks at the differences between “binary forecasts” and “real world payoffs,” in a recent paper for the International Journal of Forecasting. Much of the argument will be familiar to those who have some acquaintance with Taleb’s work as itRead More