Monthly Archives: August 2014

Fat Tail Mag Number 1 Volume 1: Edvin Lemus

John, I reviewed Taleb’s Antifragile on Fat Tail Mag. Here is a quote:

“Now close to seven years later we have Antifragile Taleb’s newest book that leaves the black swan or the rare event as something beyond mystical and returns to the process itself—to the random distribution and how to take the upside payoff and avoid the downside. As Seneca once said: “Luck is what happens when preparation meets opportunity”. Being antifragile as Taleb explains is about cutting the downside and exposing oneself to volatility and opportunity as bearer of good news. He promises too that by following his antifragile logic, process, and even workout you would do better than the rest because of nonlinear convexity.”

and a link on Amazon http://www.amazon.com/Fat-Tail-Mag-Number-Volume/dp/1500784427/ref=sr_1_1?ie=UTF8&qid=1409155797&sr=8-1&keywords=fat+tail+mag

Best

E.D. Lemus

N Underground Publisher Ltd.

Fat Tail Mag Number 1 Volume 1: Edvin Lemus: 9781500784423: Amazon.com: Books.

Complexity is about the scale.Some systems are very intelligent…

Complexity is about the scale.Some systems are very intelligent in the aggregate while composed of unintelligent units Ant colonies.Some systems are very unintelligent while composed of very intelligent units certain countries on the Mediterranean.Some systems are intelligent while composed of intelligent units 19th C science, legal systems throughout history.And some systems are very unintelligent while composed of unintelligent units Washington, finance, modern academia, economics.

via Complexity is about the scale. Some systems are… – Nassim Nicholas Taleb.

An introduction for Silent Risk…

An introduction for Silent Risk. Presenting the difference between verbalistic description of probabilistic events and the true rigorous (contractual or mathematical) one. We really don’t know what we are talking about when we talk about probability. Except, of course, firefighters.

Adding (p 55) a definition of a Charlatan. Why verbalistic “predictions” (and prediction markets) are nonsense.

https://docs.google.com/file/d/0B8nhAlfIk3QINW1YQm1uSmRjcmc/edit

via An introduction for Silent Risk. Presenting the… – Nassim Nicholas Taleb.