Monthly Archives: December 2011

Genes | Free Full-Text | Antifragility and Tinkering in Biology and in Business Flexibility Provides an Efficient Epigenetic Way to Manage Risk

Abstract: The notion of antifragility, an attribute of systems that makes them thrive under variable conditions, has recently been proposed by Nassim Taleb in a business context. This idea requires the ability of such systems to ‘tinker’, i.e., to creatively respond to changes in their environment. A fairly obvious example of this is natural selection-driven evolution. In this ubiquitous process, an original entity, challenged by an ever-changing environment, creates variants that evolve into novel entities. Analyzing functions that are essential during stationary-state life yield examples of entities that may be antifragile. One such example is proteins with flexible regions that can undergo functional alteration of their side residues or backbone and thus implement the tinkering that leads to antifragility. This in-built property of the cell chassis must be taken into account when considering construction of cell factories driven by engineering principles.

via Genes | Free Full-Text | Antifragility and Tinkering in Biology and in Business Flexibility Provides an Efficient Epigenetic Way to Manage Risk.

Nassim Nicholas Taleb and Antifragility « Curiously Persistent

The subject was Taleb’s latest book – Antifragility – which he hopes isn’t as simplified as his previous book he seemed to dislike the fact that The Black Swan was bought and read in airports by people who subsequently misinterpreted it. I think he has succeeded, as at times I struggled to grasp his arguments.Nevertheless, I’ll have a go at summarising it.

The images below are taken from his slides, available alongside the audio of the event, at the RSA website.

via Nassim Nicholas Taleb and Antifragility « Curiously Persistent.
HatTip to Dave Lull.

It’s Here! RSA – The Predictability of Unpredictability

The Predictability of Unpredictability

1st Dec 2011; 18:00

Listen to the audio (full recording including audience Q&A)

Please right-click link and choose “Save Link As…” to download audio file onto your computer.

Download Nassim Taleb’s presentation (pdf)

RSA Keynote

Nassim Nicholas Taleb is the brilliant and controversial author of The Black Swan, described in the Sunday Times as one of the twelve most influential books since World War 2. He came to wider public attention as one of the few prominent academics to correctly warn of catastrophe in the financial system ahead of the credit crunch.

Despite his skills as economist and aphorist, it is Taleb’s theory of knowledge which has made him required reading in 10 and 11 Downing Street. By emphasising the inherent uncertainty and complexity of reality he argues against top down planning and research arguing instead for small scale experimentation and observation. Cameron Conservatives quote Taleb in making the case against central state control and planning and in favour of localism and testing by doing.

Join renowned academic and author Nassim Nicholas Taleb as he discusses his groundbreaking ideas and their relevance to the current economic crisis, national policy making and other topics with Rohan Silva, senior policy advisor to the Prime Minister.

Chair: Matthew Taylor, chief executive, RSA.

via RSA – The Predictability of Unpredictability.