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birdwatcher"As for Keynes, for the literate person he is not the political economist that tweed-clad leftists love to quote, but the author of the magisterial, introspective, and potent Treatise on Probability. For before his venturing into the murky field of political economy, Keynes was a probabilist. He also had other interesting attributes (he blew up trading his account after experiencing excessive opulence—people's understanding of probability does not translate into their behavior)."—Nassim Taleb, Fooled by Randomness.
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Date: 2006-08-12 03:10 pm (UTC)no subject
Date: 2006-08-12 03:26 pm (UTC)