Monthly Archives: April 2013

ImageNations: Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb

Funny enough, when these economic collapse occur, after the intervention, those who prescribed the cure that led to the doom, those whom Nassim refers to as Fragilistas and who confuse what they do not know with its non-existence (the absence of evidence with evidence of absence), in the full glow of their epistemic arrogance those who offer the solutions. In spite of the fact that they proffer further complicated interventions they do not understand, they also do not have their skin in the game and so suffer no consequences of their actions. If they are banksters, society will take the negative fallouts; if they are politicians, they will move into other lucrative positions.

However, this is not to say that by allowing mediocristan variability or randomness you automatically eliminate Black Swans. Rather, consistent exposure to mediocristan variability builds antifragility within a system. A shock to a system or body prepares the body to expect and tolerate another shock bigger than previous: information transmission from the genes to the tissues to the organs to the organism to the community.

via ImageNations: 16. Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb.