The law of large number under fat tails (Micro Mooc)
(Explains some of the bullshit in social science)
https://www.youtube.com/watch?v=80ekenKK_jE
Law of Large Numbers and Fat Tails, Technical Note #3
Micro Mooc #3. The law of large numbers is too slow under fat tails. This is a simplified (but technical) presentation of a segment of “Probability and Risk …
via The law of large number under fat tails (Micro… – Nassim Nicholas Taleb.
Friends, has anyone taken a MOOC online class? Is there a big difference with a physical class? Does the absence of 3-D physical contact lower motivation?Universities seem more metastatic in their bureaucracies than government … and unchecked. Back-of-the-envelope: It could be that universities cost between 5 and 20x more to operate than the private. When I was at U Mass Amherst, I calculated that the costs of having someone clean my office there were 10-20 times that of my home office. And they would not let me use a private cleaning service.And there is a huge amount of money spent of funding people to “do research” that is not research, but just something totally cosmetic.