Consider this: You are driving to office. You are getting late. So what do you do? You take your chances, jump the traffic signals and cut in front of other vehicles.
Sounds familiar? Well, this is an example of Taleb Distribution (named after Nasim Taleb, author of "Black Swan" and " Fooled by Randomness").
Taleb distribution indicates scenarios that contain high probability of small positive gains (with risky driving you may usually reach office on time), and low probability of huge negative losses ( a single bad judgement in rash driving can lead to accident).
Next time, before we press down on the accelerator looking at the watch, let's think if it's really worth the risk.
Sounds familiar? Well, this is an example of Taleb Distribution (named after Nasim Taleb, author of "Black Swan" and " Fooled by Randomness").
Taleb distribution indicates scenarios that contain high probability of small positive gains (with risky driving you may usually reach office on time), and low probability of huge negative losses ( a single bad judgement in rash driving can lead to accident).
Next time, before we press down on the accelerator looking at the watch, let's think if it's really worth the risk.
No comments:
Post a Comment