ludic fallacy

noun

ludic fallacy

noun

Etymology Identified by Nassim Nicholas Taleb in his book The Black Swan (2007).

1

The misuse of game when modeling real-life situations.

I have explained the ludic fallacy with the casino story, and have insisted that the sterilized randomness of games does not resemble randomness in real life.2007, Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable, page 286:

Related terms: ludology, game theory

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