What Do Bitcoin, Antifragility And Fantasy Football Have In Common?


“Nassim Nicholas Taleb is a Lebanese-American essayist, scholar, mathematical statistician, and former option trader and risk analyst, whose work concerns problems of randomness, probability, and uncertainty.” — Nassim Nicholas Taleb

Introduction

Life is a constant stream of decisions, the outcomes of which shape our futures. In this constant churn of decisions, we seek to improve our odds against the inevitability of randomness, whenever possible. We want to make well-informed decisions to best position ourselves to benefit from these external uncertainties. All people use this probabilistic approach in their daily lives, whether it is realized or not, i.e., “If I want the best outcome, should I do X or Y? Which one has the higher probability of a favorable outcome? That’s the one I choose.”



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