If the range of ks is large then the posterior probability of a shift (or to put it another way, the estimated probability that pre-WWII ks differ from post-WWII ks) will be appropriately small and Taleb will have demonstrated what he wants to demonstrate without so much rhetoric and an analysis that largely misses the point.
If the range of ks is large then the posterior probability of a shift (or to put it another way, the estimated probability that pre-WWII ks differ from post-WWII ks) will be appropriately small and Taleb will have demonstrated what he wants to demonstrate without so much rhetoric and an analysis that largely misses the point.