A conversation between Nassim Nicholas Taleb and Stephen Wolfram at the Wolfram Summer School 2021

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[Jason-dxeb]

the stuff I wake up to after falling asleep on youtube is funny as hell

[MarcosPT]

This made me realize just how good Stephen Wolfram is at explaining things

[martinsazar]

Summary:

Stephen Wolfram: "Let's make a physical theory of economics!"
Nassim Taleb: "That's precisely the mistake people make"


For what it's worth, I agree with both: Yes, let's make one; and no, don't ever bet all your savings on any theory.
What a wonderful experience to see two of my heroes together! Please, guys, do more conversations!

[Michallote]

I love how it feel Stephen cares for us the audience so we don't loose track and explains it fast enough and simple enough for me to understand and go along.

[bernoulli]

This conversation is what I envisioned about the future of the internet. I love seeing experts pairing off with other experts, sharing ideas, and actually working through things. We're able to witness the actual process of discovery and the generation of new ideas.

[nichobarton]

Such a gift to be able to listen to these two. Thank you both

[nntalebproba]

2:10:50 I meant psychology not statistics.

[robindehde]

Holy fucking shit, that was the best demonstration of the central limit theorem I have ever seen

[GTLeopard]

Excellent. Science is a hypothesis under constant revision. Very good discussion and rigorous questioning.

[robbie_]

Fantastic watching Mr Taleb tinkering in Mathematica.... such a great way to learn.

[kevinolson]

@ 2:03:30 "N of 1 is a clinical consideration... N of 100 becomes a statistical problem. N of humanity - a pandemic - is a tail risk problem. And the three are three different disciplines" Pure, classic Taleb.

[iamswain]

1:53 "a parameter is right on average, but not as a variable. a function of average is not average of function"
42:57 "law of large number is aggregation, what is central limit theorem is aggregation. something aggregates very well, you don't need to know the detail very well, because the overall is going to work out very well. you build portfolio that works very well on the Gaussian world. the problem is that we don't live in that world."
54:51 "our explanation of time dilation in modern times is the universe is computational. you can either use your computation to compute what happens next in time or you can use their computation to move in space. if you use your computation to move in space, then you will have less computation to use to evolve in time, so time will effectively run slower for you.
1:17:18 "if a currency is just there for illegal activities, in other words the currency for fraudsters ransomware and pariah, cannot be a currency. it needs to have a bunch of suckers around them to trade their currency for it to have a value."

[musicalfringe]

I find it very reassuring to hear mild-mannered, careful Stephen Wolfram talking about religious scientism in public. Fantastic.

[maneeshdangi]

Absolutely phenomenal conversation! Meeting of Math & Markets!

[uku]

The thing with NFTs is that people don't actually buy them because they're fun. They buy them because they want to make a profit.

[thebeautifulones]

Respect Wolfram, despite your great wealth you still patrioticly show British dentistry.

[wirion]

Taleb and Wolfram flexing their libraries on each other

[everettwitt]

Please do one of these with Ed Thorpe if possible, I wish there were more videos of his talks. He seems very easy to talk to, his pedigree is second to none, and his ability to articulate thoughts is incredible...

[Syntax]

Best video on Youtube - been waiting over a decade for something decent to arrive on the internet. Just 2 years late :)

[NomadChap]

We need one more such conversation between these two.. it’s been a while