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Nassim Nicholas Taleb Quotes: Probability and expectation are not the same. Its probability and probability times the pay off.
         

Probability and expectation are not the same. Its probability and probability times the pay off.


Nassim Nicholas Taleb
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Probability and expectation are not the same. Its probability and probability times the pay off.
         



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"Nassim Nicholas Taleb Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/Probability-and-expectation-are-not-the-same-255304>.




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Other quotes of Nassim Nicholas Taleb


Doctors most commonly get mixed up between absence of evidence and evidence of abense

Doctors most commonly get mixed up between absence of evidence and evidence of abense



A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.

A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.



For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.

For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.



Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.

Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.



People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.

People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.



Democracies can't handle austerity measures very well.

Democracies can't handle austerity measures very well.



Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.

Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.




Avoid losers. If you hear someone use the words 'impossible', 'never', 'too difficult' too often, drop him or her from your social network.

Avoid losers. If you hear someone use the words 'impossible', 'never', 'too difficult' too often, drop him or her from your social network.



Someone bemoaned that there were so few women in economics. But there are also very few men in economics.

Someone bemoaned that there were so few women in economics. But there are also very few men in economics.





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Let there be spaces in your togetherness.And let the wind of the heavens dance between you.

Let there be spaces in your togetherness.And let the wind of the heavens dance between you.



Most North Americans know that human-caused global warming is real, even if political leaders don't always reflect or act on that knowledge.

Most North Americans know that human-caused global warming is real, even if political leaders don't always reflect or act on that knowledge.



Improving the health & productivity of the poorest is one of the best investments you can make in the future of the world

Improving the health & productivity of the poorest is one of the best investments you can make in the future of the world



When you're white, the sky's the limit. When you're black, the limit's the sky.

When you're white, the sky's the limit. When you're black, the limit's the sky.



Unswerving loyalty to duty, constant devotion to truth, and a clear conscience will overcome every discouragement and surely lead the way to usefulness and high achievement.

Unswerving loyalty to duty, constant devotion to truth, and a clear conscience will overcome every discouragement and surely lead the way to usefulness and high achievement.



Kids don't lack capacity, only teachers.

Kids don't lack capacity, only teachers.



Children can't help but create: they need to put their mind on the page, they want to paint, to sculpt, to write short stories.

Children can't help but create: they need to put their mind on the page, they want to paint, to sculpt, to write short stories.



My hair is so unmanageable.

My hair is so unmanageable.



When I see a wall that's hung with different objects, framed or unframed, what I like about it is its fluidity and rule-breaking nature. Just experiment a bit.

When I see a wall that's hung with different objects, framed or unframed, what I like about it is its fluidity and rule-breaking nature. Just experiment a bit.



Once I started taking drama classes, I asked myself why I had ever wasted so much time on a football team.

Once I started taking drama classes, I asked myself why I had ever wasted so much time on a football team.




Quote Description


This page presents the quote "Probability and expectation are not the same. Its probability and probability times the pay off.". Author of this quote is Nassim Nicholas Taleb. .