The Black Swan Second Edition

Release on 2010-05-11 | by Nassim Nicholas Taleb

In this revelatory book, Taleb will change the way you look at the world, and this second edition features a new philosophical and empirical essay, “On Robustness and Fragility,” which offers tools to navigate and exploit a Black Swan ...

The Black Swan Second Edition
  • Author: Nassim Nicholas Taleb
  • Publisher: Random House
  • ISBN: 9780679604181
  • Category: Business & Economics
  • Page: 480
  • View: 932

The Black Swan Second Edition

The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.” A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives. Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don’t know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the “impossible.” For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. In this revelatory book, Taleb will change the way you look at the world, and this second edition features a new philosophical and empirical essay, “On Robustness and Fragility,” which offers tools to navigate and exploit a Black Swan world. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. Elegant, startling, and universal in its applications, The Black Swan is a landmark book—itself a black swan.

More Books:

The Black Swan: Second Edition
Language: en
Pages: 480

The Black Swan: Second Edition

Authors: Nassim Nicholas Taleb
Categories: Business & Economics
Type: BOOK - Published: 2010-05-11 - Publisher: Random House

The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.” A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive
The Black Swan
Language: en
Pages: 366

The Black Swan

Authors: Nassim Nicholas Taleb, Nassim Nicholas Taleb, PH.D., MBA
Categories: Business & Economics
Type: BOOK - Published: 2007-04-17 - Publisher: Random House

Examines the role of the unexpected, discussing why improbable events are not anticipated or understood properly, and how humans rationalize the black swan phenomenon to make it appear less random.
Risk, Surprises and Black Swans
Language: en
Pages: 276

Risk, Surprises and Black Swans

Authors: Terje Aven
Categories: Business & Economics
Type: BOOK - Published: 2014-08-13 - Publisher: Routledge

Risk, Surprises and Black Swans provides an in depth analysis of the risk concept with a focus on the critical link to knowledge; and the lack of knowledge, that risk and probability judgements are based on. Based on technical scientific research, this book presents a new perspective to help you
An abridgement of J. W.'s life and travels ... Second edition, corrected and improved
Language: en
Pages: 426

An abridgement of J. W.'s life and travels ... Second edition, corrected and improved

Authors: John WROE
Categories: Business & Economics
Type: BOOK - Published: 1837 - Publisher:

Books about An abridgement of J. W.'s life and travels ... Second edition, corrected and improved
The Oxford Handbook of Banking, Second Edition
Language: en
Pages: 1040

The Oxford Handbook of Banking, Second Edition

Authors: Allen N. Berger, Philip Molyneux, John O. S. Wilson
Categories: Business & Economics
Type: BOOK - Published: 2014-11-27 - Publisher: OUP Oxford

The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between