Statistics: Good or Bad? [Black Swan]?
For a while now I have been adamant about perusing a dual degree in statistics and economics, but after reading “The Black Swan: The Impact of the Highly Improbable,” I’ve become flustered and lost in what to do. The arguments Taleb made about the Gaussian curve and using the hard sciences in the social science seemed logical and made me question the whole academic field of statistics and economics. I don’t know, I guess it’s a good thing that I’m not having this crisis when I’m actually working.
I do love finance and do love following current events, and I want to do something in finance after college. However, in college I wanted to major in something, at least slightly, technical because I know that I would never have that opportunity to do so again (or at least for a long time). That’s why I wanted to major in statistics. But after reading the Black Swan, I think it might actually be detrimental if I do so.
Do you guys have any suggestions?
"Have you ever tried to use a chain with 3 weak links? I have, and now I no longer own an arctic wolf."