The critical distinction in designing decision frameworks is whether a domain exhibits thin-tail or fat-tail distributions, because thin-tail distributions can be surprised by outliers that violate their assumptions, whereas fat-tail distributions incorporate large deviations within their statistical properties, making the latter epistemic class mandatory unless there are compelling physical reasons to rule it out.
normativepending
Speaker
Nassim TalebEvidence Quote
“you have to assume that you're in the second class of models unless you have real reasons”
Created: 8/11/2026, 7:35:40 AM
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