I understand your point, and I agree mostly with it
But I think the headline was sensationalised.
Taleb doesn't seem to be against "standard deviation" mostly, but calling it "standard deviation" (which should be called something else), and providing a more "user friendly" number.
The positive square root of the second central moment of the density distribution function will keep being that.
But I think the headline was sensationalised.
Taleb doesn't seem to be against "standard deviation" mostly, but calling it "standard deviation" (which should be called something else), and providing a more "user friendly" number.
The positive square root of the second central moment of the density distribution function will keep being that.