Elegant, startling, and universal in its applications, The Black Swan is a concept that will change the way you look at the world. Black Swans underlie almost everything, from the rise of religions, to events in our own personal lives. A Black Swan is a highly improbable event with three principle 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. And why do we always ignore the phenomenon of Black Swans until after they occur? As Nassim Nicholas Taleb reveals, we are hard-wired not to truly estimate risk, too vulnerable to the impulse to simplify, narrate, and categorize and not open enough to rewarding those who can imagine the '''impossible???. In this revelatory book, Taleb explains everything we know about what we don'''t know, and shows us how to face the world.
About The Author Nassim Nicholas Taleb has devoted his life to immersing himself in problems of luck, uncertainty, probability, and knowledge. Part literary essayist, part empiricist, part no-nonsense mathematical trader, he is currently the Dean'''s Professor in the Sciences of Uncertainty at the University of Massachusetts at Amherst. The international bestseller Fooled by Randomness has been published in eighteen languages. His latest book is The Black Swan (Penguin, 2007). Taleb lives (mostly) in New York.
Book Details
Title:
The Black Swan
Author:
Nassim Nicholas Talab
ISBN:
0141034599
EAN:
9780141034591
Deliverable Countries: This product ships to India, Sri Lanka.
Moreover, there is already evidence to suggest that the impact could well alter for years some of the behavioral relationships that underpin the traditional formulation and effectiveness of the trio of policies, business plans and financial investment .... Indeed, the Fed has repeatedly been able to turbo-charge the equity markets and those for other risk assets (e.g., high yield bonds); it has also simultaneously influenced the market for U.S. Treasuries (Chart 6) via financial ...
It would also be a black swan to the sorry swathes of individuals who believe what they hear in the mainstream media, and from the lips of politicians (both Romney and Obama have recently paid lip service to the idea that America is far from decline). Such an event would not ... was a black swan. Surprising (to them at least) and high impact, because it surely changed the entire trajectory of their lives. ..... avenues of information. Book up, "Long Live the Evolution." ...
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 importance of these ideas, Taleb's ability to weave them together into a single theory, and the ability of this theory to change the way you look at the world, means the book easily deserves my highest recommendation.
There is talk of needing to understand the probable or outliers; the power of low probability/high impact events, popularised by Taleb's book, 'Black Swan. People like to give examples, to warn us of the consequences of not ...
Black Swan Book In the waning months of my several-year tenure as a NYC publishing world employee, there was a wave of excitement about a new proposal making the rounds – it emerged from what was then a deluge of high-concept, Gladwell-esque pop-history books but seemed to hold some promise of changing minds, selling books, and having major impact. As it turns out, this book, The Black Swan by Nassim Nicholas Taleb, was about world events that ...
Author Nassim Taleb has taken the term black swan to describe an event which is rare, unpredictable, and high impact. The terrorist. ... In his Black Swan book, Taleb goes on to make three further points: It's extremely hard to ...
Nassim Nicholas Taleb wrote a fantastic book on the impact of large, high impact, statistically rare events called The Black Swan: The Impact of the Highly Improbable . According to Taleb, history tends to swing much more ...
This is because human affairs—financial affairs included—are vulnerable to the occurrence of 'black swans': low probability, high impact events. Here is a quick illustration of the concept. Imagine a football stadium full of ...
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