Friends, here is: my new text. Volume 1 covers the ideas of The Black Swan expressed mathematically.

http://www.fooledbyrandomness.com/FatTails.html
(added derivations of skin-in-the-game, etc.)

How can one correct academic fraud? Not only have economics professors not addressed the substance of my points accusing them of misusing statistical methods, remember these frauds are still using risk methods that got us here, but they are countering with a smear campaign spreading all manner of erroneous personal & academic information … anonymously, or so they think. As I said there is a reason to be academic: lack of courage of voicing one’s opinion, so one can bust them directly through subpoena or just pay $18K to have a list of their names. Nothing is anonymous on the web.

via Friends, here is: my new text. Volume 1… – Nassim Nicholas Taleb | Facebook.