Friday, July 6, 2018

Winner Take All Effect

“. . . the world in which we live has an increasing number of feedback loops, causing events to be the cause of more events (say, people buy a book because other people bought it), thus generating snowballs and arbitrary and unpredictable planet-wide winner-take-all effects.”
Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable

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