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Azathoth123 comments on Rationality Quotes September 2014 - Less Wrong
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Opportunity costs?
I would say it should be the one with best expected returns. But I guess Taleb thinks the possibility of a very bad black swan overrides everything else - or at least that's what I gathered from his recent crusade against GMOs.
His point is that the upside is bounded much more than the downside.
Yes, but my point is that this is also true for, say, leaving the house to have fun.
This is not always true (as Taleb himself points out in The Black Swan): in investing the worst that can happen is you loss all of your principle, the best that can happen is unbounded.