Archive for September, 2009

Three Ecology Books

Friday, September 11th, 2009

Nassim Nicholas Taleb’s The Black Swan contains, among its other observations, an fascinating illustration about how possessing more data without having the capability to understand it can cause us to make what are poorer decisions than what we would have made if we didn’t have the data in the first place. The context in which Taleb works (and, consequently, the example that he gives in his book) is within the context of the stock market, and here is how it works:

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