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ABranco comments on Rationality Quotes: October 2009 - Less Wrong
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It does not matter how frequently something succeeds if failure is too costly to bear. —Nicholas Nassim Taleb
(i.e.: don't forget to put, in your utility functions, the damn appropriate weight of those highly-improbable-but-high-negative-impact tragedies!)
It is really the improbability of black swans that we underestimate, not their impact. The tails are fatter than we think.