Problems with Probability

In probability, there are orders of thinking which are wrong. Nassim Taleb ~ Should we ban the use of probability? Why we don't know what we talk about when we talk about probability has been revisited by its original author Nassim Taleb in a recent publication on his Fooled by Randomness portal. Great claims are being made in this paper that perhaps we should ban the use of probability and sometimes the best discoveries seem to occur when we explore dynamics at their extremities. This might just be the case here as well.

In this short post, we take a look at the recent paper "Problems with Probability" published by Nassim Taleb.

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