Nassim Taleb mentioned The nature of rationality by Robert Nozick 1 times

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The nature of rationality by Robert Nozick
  1. In his book The Nature of Rationality he gets, as is typical with philosophers, into amateur evolutionary arguments and writes the following: “Since not more than 50 percent of the individuals can be wealthier than average.” Of course, more than 50% of individuals can be wealthier than average. Consider that you have a very small number of very poor people and the rest clustering around the middle class. The mean will be lower than the median.

    — Nassim Taleb

    2001 in Fooled By Randomness