In the utopian province of Mediocristan, particular events don't contribute much individually --- only collectively. I can state the supreme law of Mediocristan as follows:
When your sample is large, no single instance will significantly change the aggregate or the total." - Travels Inside Mediocristan, pp.32
"In Extremistan, inequalities are such that one single observation can disproportionately impact the aggregate, or the total" - The Strange Country of Extremistan pp.33
Nassim Nicholas Taleb
THE BLACK SWAN
Chapter Three
The Speculator and The Prostitute
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