This actually seems like it would be pretty good for applications like games or playing random songs.
Show HN: A Set of Dice That Follows the Gambler's Fallacy
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Re: Show HN: A Set of Dice That Follows the Gambler's Fallacy
#242A great application for this is in randomizing playlists. My friends, who are also CS grads and should know better, have often complained that their MP3 players, CD carousels, etc play the same music too often claiming that the random is broken, when a song repeating in a short period of time or other songs never playing is what you would expect from a truly random selection. Using this algorithm, you'd be sure to he…
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Re: Show HN: A Set of Dice That Follows the Gambler's Fallacy
#243Earlier quoted context omitted.
Taleb is the Deepak Chopra of Economics and Probability. What he says sounds really important, but is mostly a bunch of horseshit.
The guy spent years as a trader. I spent a few years working for traders. I think his analysis of the sociology and psychology of trading was spot on. That's the main content of this book, so I'm still comfortable recommending it even if he doesn't meet your standards elsewhere.
I think he's pretty much the definition of survivorship bias. And that he deeply misunderstands statistics in the same way that Malcolm Gladwell does.