Taleb’s Black Swan Glossary
Michael Covel points to the “Black Swan Glossary” at Nassim Taleb’s website - it’s full of definitions related to Taleb’s discussion on the black swan theory, power laws & such.
Sample:
Empty-suit problem (or “expert problem”): Some professionals have no differential abilities from the rest of the population, but for some reason, and against their empirical records, are believed to be experts: clinical psychologists, academic economists, risk “experts,” statisticians, political analysts, financial “experts,” military analysts, CEOs, et cetera. They dress up their expertise in beautiful language, jargon, mathematics, and often wear expensive suits.
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