Quote from: Julien_Olynpic on April 26, 2024, 02:59:37 PM

I have long wanted to discuss the following topic with users and participants in gambling discussions. Do you think Nassim Teleb's philosophy can be of any use in gambling? His various ideas and theories? Let me just list some of his ideas and you can comment on how, if any, benefits can be gained from this:
1. Ideas from the book “Fooled by Randomness.” There are many ideas that boil down to the fact that we often mistake randomness for a pattern.
2. Ideas from the book “Black Swan”. Strategies based on anticipation of the Black Swan.
3. Ideas from the book “Antifragile.” By the way, the concept of “barbell” is also from this book. Keep 90% of the bank in conservative assets and 10% in high-risk assets.
4. Ideas from the book “Skin in the Game”.
If you think any of these ideas can be applied to gambling, explain why you think so and how specifically it can be applied. If you believe that Nassim Taleb's ideas only apply to options trading and not to gambling, tell us more about your position.

Yes, perhaps some of the ideas of philosopher and writer Nassim Taleb can be applied to gambling.
For example, one of Taleb’s most famous concepts is the “Black Swan” concept. A black swan is an unexpected event that leads to great consequences in people's lives. As a result of cognitive distortions, people consider the occurrence of such an event to be less likely than it actually is.
A gambler can take advantage of these cognitive distortions (which cause people to misjudge the probabilities of events), for example, in sports betting.
Searching for “Black Swans” is generally an exciting and very profitable activity!