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Taleb contends that banks and trading firms are very vulnerable to hazardous black swan events and are exposed to unpredictable losses. On the subject of business, and quantitative finance in particular, Taleb critiques the widespread use of the normal distribution model employed in financial engineering , calling it a Great Intellectual Fraud .
It is the opposite of determinism and related to chance. It is highly relevant to the philosophical problem of free will, particularly in the form of metaphysical libertarianism. In science, most specifically quantum theory in physics, indeterminism is the belief that no event is certain and the entire outcome of anything is probabilistic.
Individual random events are, by definition, unpredictable, but if there is a known probability distribution, the frequency of different outcomes over repeated events (or "trials") is predictable. [note 1] For example, when throwing two dice, the outcome of any particular roll is unpredictable, but a sum of 7 will tend to occur twice as often ...
In other words, the deterministic nature of these systems does not make them predictable. [11] [12] This behavior is known as deterministic chaos, or simply chaos. The theory was summarized by Edward Lorenz as: [13] Chaos: When the present determines the future but the approximate present does not approximately determine the future.
The thing is, to state the obvious, the man now in the Oval Office is the polar opposite on pretty much every single word of that. But perhaps, some ponder, all this shouldn't be overstated.
Irony: use of word in a way that conveys a meaning opposite to its usual meaning. [18] Kenning: using a compound word neologism to form a metonym. Litotes: emphasizing the magnitude of a statement by denying its opposite. Malapropism: using a word through confusion with a word that sounds similar.
For every 3 non-theme words you find, you earn a hint. Hints show the letters of a theme word. If there is already an active hint on the board, a hint will show that word’s letter order.
Body camera footage from what officials have called "an attack" that took place inside a New York state correctional facility resulting in the death of an inmate was released by the New York State ...