The series of a shuffle of a 6-deck shoe is not "incomplete information"?
Taleb calls it the Ludic Fallacy (game fallacy)
The statistics of games are understandable, defined and easy to work with.
The statistics of markets, as Soros spent his career investigating, are filled with feedback loops, and as Taleb investigated, fat tails.
alt Hacker News
Taleb calls it the Ludic Fallacy (game fallacy)
The statistics of games are understandable, defined and easy to work with.
The statistics of markets, as Soros spent his career investigating, are filled with feedback loops, and as Taleb investigated, fat tails.