In the book ‘Black Swan’ Nassim Nicholas Taleb attempted to see the connections between luck, uncertainty, probability, and knowledge into one tome. The book certainly raised expectations. The main himself raises eyebrows – part literary essayist, part empiricist, part researcher, part no-nonsense businessman, he spent eighteen years as a mathematical trader, and was the Dean’s Professor in the Sciences of Uncertainty at the University of Massachusetts at Amherst.
In his latest book, ‘The Bed of Procrustes’, Taleb expresses major ideas in ways one would least expect. The book takes its title from Greek mythology: the story of a man who made his visitors fit his bed to perfection by either stretching them or cutting their limbs. Procrustes was a mythical Greek innkeeper notorious for amputating or stretching his guests to fit his inflexible bed after he’d fed them sumptuously!
Taleb explains what he describes as inherent limitations of the human mind: “It was not designed to deal with complexity and non-linear uncertainties,” he writes. Nor can this handicap be overcome by throwing more information in. “More information means more delusions,” he adds.
More information on the book in this writeup published in ET.