More Antifragile, Diversity Libertarianism, And Corporate Censorship

https://astralcodexten.substack.com/p/more-antifragile-diversity-libertarianism In yesterday's review of Antifragile, I tried to stick to something close to Taleb's own words. But here's how I eventually found myself understanding an important kind of antifragility. I feel bad about this, because Taleb hates bell curves and tells people to stop using them as examples, but sorry, this is what I've got. Suppose that Distribution 1 represents nuclear plants. It has low variance, so all the plants are pretty similar. Plant A is slightly older and less fancy than Plant B, but it still works about the same. Now we move to Distribution 2. It has high variance. Plant B is the best nuclear plant in the world. It uses revolutionary new technology to squeeze extra power out of each gram of uranium, its staff are carefully-trained experts, and it's won Power Plant Magazine's Reactor Of The Year award five times in a row. Plant A suffers a meltdown after two days, killing everybody. If you live in a region with lots of nuclear plants, you'd prefer they be on the first distribution, the low-variance one. Having some great nuclear plants is nice, but having any terrible ones means catastrophe. Much better for all nuclear plants to be mediocre.

There are no comments yet.

Please log in to write the first comment.