2/ One of the earliest applications to be systematized for instance, was life insurance for widows.
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3/ Though many applications in science/tech are agnostic to risk-versus-luck angle, most social uses are on that spectrum and focus on risk
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@vgr Hmm Hacking is an excellent read on how probability and stats came about http://www.goodreads.com/book/show/1446901.The_Emergence_of_Probability …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@simulacrumbs@vgr you can kind of imagine negative black swans as entropy bombs whereas positive ones are narrow negentropy processes.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@simulacrumbs@vgr (that or in the case of derivatives, entropy transfers.)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@smc90 That's questionable. Much of Gauss' work was driven by astronomy. Monte Carlo by nukes. Lots of app domains contributed to statsThanks. Twitter will use this to make your timeline better. UndoUndo
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@doriantaylor@simulacrumbs Yeah, I've seen it. Sociological folk theory. I want rigorous INTP theory :D - Show replies
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@simulacrumbs Added to my serendipity links listThanks. Twitter will use this to make your timeline better. UndoUndo
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@withere@garybasin Certainly the catalytic role of markets is undeniable.Thanks. Twitter will use this to make your timeline better. UndoUndo
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