A Disturbing Philosophical Thought

If you have been following this blog since its start, you’ll observe that I’m very big on the concept of randomness. We talked about causation vs correlation and looked at specific examples like the capital market and the casino game baccarat. Now I can sum up the entire concept in one statement –

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What does the capital market and a hand of baccarat have in common?

I’ll let you take three guesses before I give you the ultimatum. Well, any of your three guesses will not be correct because I don’t know what’s the connection too but does my fascination with both count? Haha, lame joke I know. But couldn’t help it really.

The term apophenia (pronounced as ef.ə.′si.niə) is defined as the experience of seeing meaningful patterns or connections in random or meaningless data. This combined with hindsight bias will be really freaky to the extent that either Shutter or Final Destination 5 has to step aside.

Continue reading What does the capital market and a hand of baccarat have in common?

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