Nassim Nicholas Taleb is a bit of a blowhard. Here he disses an Eph:

FIRST COMMON MISTAKE: IT IS NOT QUITE “ABOUT THE GAUSSIAN DISTRIBUTION”

Furthermore, such point has been proven empirically in Taleb (2009) where I showed, with 20 million pieces of socioeconomic data, that there is no stability in the estimation of probabilities of tail events from within the data (in other words, the data does not predict out of sample), which made me question the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel given to Robert Engle in 2003 for his work on fattening the tails (as well as the five other prizes for people whose work depends on the assumption of thintails).

Engle ’63 is probably not overly concerned that Taleb questions his Nobel Prize-winning research.

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