Skip to content

Tag Archives: opacity

NOTEBOOK OPACITY, Note 149

NOTEBOOK OPACITY, Note 149 Why Is Fragility in the NonlinearI- There have been works on the link between risk and nonlinearity initially by Arrow and Pratt, then followed by a collection of authors such as Rothchild, Stiglitz, Machina, and others. These fellows were not option traders; their work was mistakenly focused on nonlinearity of preferences […]

nntaleb: Note 131 http://TwitPWR.com/Lb9/

nntaleb: Note 131 http://TwitPWR.com/Lb9/

Nassim Nicholas Taleb Q&A 2. Excerpt of OWP 2010 Evening Session

Q&A, Excerpt of OWP 2010 Evening Session with Nassim Nicholas Taleb – Author of the international bestseller The Black Swan. We live in a complex system that delivers extreme deviations. Current risk management and economic analyses methods fail us in such a system because of low predictability. What should we do in such an environment? In this evening session, Taleb will present simple rules (lower leverage, less reliance on deficit spending, less mathematical risk management) for a black swan robust economic system.