Friday’s Quiz. You run into 2 people and are told that the total net worth for both is $30 million. What is the most likely breakdown? Next we will apply that to errors… and GMOs.

via Friday’s Quiz. You run into 2 people and… – Nassim Nicholas Taleb | Facebook.

So far everybody got it. Now you run into 2 people and are told that the total height for both is 2.1 meters 13ft 5 27⁄64in What is the most likely breakdown?

This one is easy, but I will explain how we will get to GMOs…

via So far everybody got it. Now you run… – Nassim Nicholas Taleb | Facebook.

Sorry, sorry, typo. Now you run into 2 people and are told that the total height for both is 4.1 meters 13ft 5 27⁄64in What is the most likely breakdown?

This one is easy, but I will explain how we will get to GMOs…

via Sorry, sorry, typo. Now you run into 2… – Nassim Nicholas Taleb | Facebook.

Now, next step, here is the reason why, for humans, the most likely height is exactly half of the total for large deviations but for unconstrained variables like wealth, the most likely is 30 million/~0 (assuming no debt). Simply, nature has a way to constrain variations.

We are getting close to GMOs, but we need one more step.

http://arxiv.org/pdf/1307.6695v2.pdf

The solution to the Friday quiz is here. Go to page 3, section called “Application”. But the rest of the text shows the background and a more formal difference between Extremistan and Mediocristan.

https://dl.dropboxusercontent.com/u/50282823/fridayquiz.pdf

via The solution to the Friday quiz is here…. – Nassim Nicholas Taleb | Facebook.

via Now, next step, here is the reason why,… – Nassim Nicholas Taleb | Facebook.