Aug 29, 2018

Retirement as Jazz

From the Flaw of Averages by Sam Savage:
"The form of reasoning based on "subjective degrees of believe about the uncertain future" is like improvised jazz, in which the musicians commit to their own notes in advance of knowing with certainty what the others are going to play. If there were a field of statistics to deal with black swans, it would be this improvisational form."

"...but let's not forget that many jazz musicians have had classical training..." 

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