5/ i.e. since markets themselves create no wealth, if you beat history, it's because someone else is beaten by history by betting wrong
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Replying to @vgr
6/ There is another field that has this somewhat dismal/pessimistic risk-oriented flavor: psychology
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Replying to @vgr
7/ Throughout much of its history, psychology has been about mental illness and pathologies rather than making good minds better
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Replying to @vgr
8/ When positive psychology came along, many were excited by the promise, but it degeneratd into a bit of a New Age cult.
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Replying to @vgr
9/ But the motive was laudable and worthy, and I think positive psychology *is* beginning to shed New Age trappings and deliver good results
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Replying to @vgr
10/ I think lesson can be ported. There is room for a "positive probability theory" and "positive statistics" focusing on luck, not risk
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Replying to @vgr
11/ Taleb made a big contribution towards theory of non-zero-sum luck/serendipity, but domain lock-in limited him to negative black swans
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Replying to @vgr
12/ Where can we look for a true theory of luck? Certainly and obviously, hacking/software in agile/devops sense is a great starter domain
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Replying to @vgr
13/ Fundamental theory/concepts won't change, since it is an axiomatized math field, but shift in emphasis to max-luck over min-risk is big
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Replying to @vgr
14/ So
#musklevel challenge to data/stats/probability wonks: invent a rigorous theory of luck/serendipity using hacking as first example2 replies 1 retweet 6 likes
15/ I'll offer a $100 reward to a new paper that panel of my mathy friends agree is a credible GUT of luck. Others: add to pot if you like.
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