WE KNOW THAT THE FUTURE WILL BE DIFFERENT FROM the past. To deal with this uncertainty, we often turn to experts whose knowledge can help us make the best decisions. As statistician and risk analyst Nassim Nicholas Taleb described in Fooled by Randomness, 1 even venture capital investors like to follow proven formulas to manage their investment risks. People trust math, especially when experts use it with links to the exact sciences. However, it’s unhelpful when this trust goes beyond the use of math as a calculation tool.
From Proven Science to Trial and Error?