Nassim Nicholas Taleb achieved notoriety with several books written before the housing crisis, criticizing the financial industry for putting so much faith in its predictions.
He argued in “Fooled by Randomness” that there are problems with our attempts to understand the past, and even larger issues when we use it to predict the future.
Those criticisms turned out to be justified.
"Big data" is allowing more industries to try their hand at fortunetelling.
With social media and portable devices, we can watch society just like traders watch the stock market. People can be measured, quantified, modeled.
As we enter this brave new world, it’s worth considering some of Taleb’s points and seeing how they might apply to big data.
Newsday Live: Jennie Garth talks about career, health and happiness Newsday Live and Long Island LitFest present an evening with "Beverly Hills 90210" actress, podcaster and author Jennie Garth. Newsday's Elisa DiStefano hosts an in-depth discussion about Jennie's life, career, successful clothing line for QVC and new book, "I Choose Me," an inspirational memoir about health, healing and happiness.
Newsday Live: Jennie Garth talks about career, health and happiness Newsday Live and Long Island LitFest present an evening with "Beverly Hills 90210" actress, podcaster and author Jennie Garth. Newsday's Elisa DiStefano hosts an in-depth discussion about Jennie's life, career, successful clothing line for QVC and new book, "I Choose Me," an inspirational memoir about health, healing and happiness.
