"Blowing Up" -- about Nassim Taleb.
- He never sells options. Only buys them. On both sides. Out-of-the-money options.
- "We still know nothing."
- second book, The Black Swan.
- Dr. Pike: "The world is not the world it was. And some of the risks that go with the benefits of a woman getting educated and not getting pregnant all the time are breast cancer and ovarian cancer, and we need to deal with it.
- fault of the haphazard nature of science, which all too often produces progress in advance of understanding.
- differences between puzzle and mysteries. Puzzle need enough info; Mysteries filter through the too much info, open-ended solution.
- Puzzles are "transmitter dependent" - turn on what we are told. Mysteries are "receiver-dependent" - turn on the skills of the listener.
- Power law - small percentage doing all the damage.
- Power-law solutions have little appeal to the right bc they involve special treatment for people who do not deserve them; little appeal to the left bc of their emphasis on efficiency over fairness.
- explicit learning - thinking about it; eventually, implicit learning - takes place outside of awareness.
- Under conditions of stress, the explicit learning sometimes takes over. That's what it means to choke.
- Panic shuts down our thinking; thinking too little; narrow thinking.
- Under stereotype threat (under pressure), they overthink and don't do well on standardized tests. But on those tests, you need quick processing, intuitions.
- Creation of ABS brake systems - people drove more recklessly; they consumed the risk reduction.
- Ben Fountain, Brief Encounters with Che Guevara.
- The Cezannes of the world bloom late not as a result of some defect in character, or distraction, or lack of ambition, but because the kind of creativity that proceeds through trial and error necessarily takes a long time to come to fruition.
- Creativity has two types -- conceptual and experimental.
- late bloomers -- his or her success is highly contingent on the efforts of others.
- Teacher effects dwarf school effects. School system has a quarterback problem. How to find a great teacher. How to find a great NFL QB.
- Of all teacher elements -- feedback the most important. Individualized feedback. Also, teacher's withitness. Non-verbal presence.
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