top | item 26388545

(no title)

karlmcguire | 5 years ago

Statistical Consequences of Fat Tails by Nassim Taleb.

discuss

order

jasonwatkinspdx|5 years ago

Taleb is... not a good source for learning statistics. Start with Wasserman. Taleb says obvious and well known things using his own invented terminology in order to cast himself as some sort of contrarian genius. It's not that he's wrong, it's that the insights he hawks are banal. That's why his readership base are insight porn book junkies not people actually trying to learn statistical methods.

actusual|5 years ago

"insight porn books" is going in my "objects you've been searching for titles for" Notion list.

stevegalla|5 years ago

> Start with Wasserman

If you're referring to "All of Statistics" by Wasserman, then there are some significantly easier textbooks to learn statistics from. Depending on the program, "All of Statistics" is a book used by senior undergrads or grad students. Are there more mathematical heavy stats books, yes, but this isn't a casual read for someone who is trying to learn statistics either.

I like "Probability and Statistics for Engineering and the Sciences" by Devore as an intro book. It covers the basics of probability distributions, maximum likelihood and method of moments estimation, ANOVA, and linear regression. Pre-requisite knowledge is probably multivariable calculus, matrix multiplication, determinants, and eigenvalues.

tajd|5 years ago

If you do have his books then the reference lists in the back provide a good starting point for further reading.

spekcular|5 years ago

I have read this book and want to leave an anti-recommendation here. It's a poorly edited mess and makes at least one blatant mathematical error.

More broadly, let me leave a Taleb anti-recommendation. His entire shtick is yelling that traditional statisticians have ignored heavy-tailed random variables in their modeling and that he has special insight into the nature of tail risk (perhaps along with a few select other people, like Mandelbrot).

But this is manifestly not the case. In fact, if you go through his Amazon reviews page, you can find him leaving positive reviews several years ago on all the books written by traditional statisticians that he learned about heavy-tailed randomness from!

sfashset|5 years ago

link to his Amazon reviews page?

alexilliamson|5 years ago

This feels only slightly more legitimate than recommending the 538 blog as a statistical authority.

ojnabieoot|5 years ago

[deleted]

sigstoat|5 years ago

calling someone's book suggestion an "advertisement" is rude, and inaccurate. taleb wouldn't pay anyone to suggest his book when he could instead just show up here and insult everyone for free.

stblack|5 years ago

Not mentioned, not cited in the paper. That's shocking.

Edit: the word "tail" appears nowhere in the paper, in any context. I'm beyond shocked now.

disgruntledphd2|5 years ago

Because this was well known to statisticians long before Taleb talked about it?

That would be my suspicion as to why it isn't there.

spekcular|5 years ago

This is subsumed in the robust estimation section.