Antifragile is another name for adaptive response, and it is one reason why models fail to be reliable very far into the future. The other reason is that many processes have probabilistic distribution that are not finite which Talib describes as fat tailed. Fat tailed processes have distributions which have no mean, no variance, or higher moments. Yes, you can compute these values, but they are not meaningful, and the resulting models are GIGO.
Failure to recognize adaptive response and fat tailed processes are major reasons why so much stupidity is going on in our world.
February 12, 2022
Comment to Quote of the day—Forrest Cooper
[This quote probably isn’t fully understood by more than 10%, at best, of the general population. But it really resonates with me and I wanted to give it more visibility so others who understand it can bask in the awesomeness.—Joe]