Very technical, very important: Three researchers managed to unify antifragility and conflation the green lumber problem in a single measure information geometry.
http://www.fooledbyrandomness.com/bmn.pdf
via 2 Very technical,….
Very technical, very important: Three researchers managed to unify antifragility and conflation the green lumber problem in a single measure information geometry.
http://www.fooledbyrandomness.com/bmn.pdf
via 2 Very technical,….
Expressed like this, Taleb’s argument about the merits of resilience – and change – might seem almost laughably simple. However, the book develops the theme on multiple levels. Some of his arguments are highly technical: he uses mathematical techniques to prove how the antifragile concept can be measured, and to demonstrate why popular statistical measures of probability are wrong.
The bulk of the text is made up of personal anecdotes and philosophical musings that draw widely from Taleb’s eclectic, polymath mind. They reflect his family’s experience of the Lebanese civil war – and his own previous life as a successful financial trader, who used his iconoclastic analysis to predict earlier financial crashes and make money.
Taleb has plenty of advice to offer us on how to become more antifragile. We should embrace unpredictable change, rather than chase after an illusion of stability; refuse to believe anyone who offers advice without taking personal risk; keep institutions and systems small and self-contained to ensure that they can fail without bringing the entire system down; build slack into our lives and systems to accommodate surprises; and, above all, recognise the impossibility of predicting anything with too much precision.
A technical note on predictions: why political predictions work, not economic ones.
http://www.fooledbyrandomness.com/binaries.pdf
Wednesday, November 28, 7–9 PM
The powerHouse Arena · 37 Main Street (corner of Water & Main St.) · DUMBO, Brooklyn
For more information, please call 718.666.3049
TICKETS $15
International bestseller Nassim Taleb (The Black Swan) drops by powerHouse Arena to celebrate the launch of Antifragile: Things That Gain From Disorder: a look at how stress and tension lead to healthy societies. Russ Roberts will join the author in conversation. The $15 ticket price can be applied towards purchase of the featured title.
Nassim Nicholas Taleb (links to all three WNYC interviews!) explains how to thrive in an uncertain world. In his new book, Antifragile: Things that Gain from Disorder, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine.
HatTip to Dave Lull