Category Archives: Antifragile

Nassim Taleb & Danny Kahneman NYPL Live February 5, 2013

This is an audio player from NYPL Live. (Perhaps it will turn into a video player later.) The conversation took place at the New York Public Library February 5, 2013.

You can also download the audio here.

SOLD OUT!

How do we — as individuals and as communities — make decisions when faced with uncertainty, inexperience, lack of knowledge or chaos? Nassim N. Taleb and Nobel Prize winner Daniel Kahneman have both devoted their careers to explorations of the decision making process: Kahneman approaching it through psychological study; Taleb through a philosophical lens. Their groundbreaking work has profoundly impacted our understanding of the decision making process today while raising new questions about how decisions are made in a world that is increasingly more difficult to comprehend.

Nassim N. Taleb is a former derivatives trader who became a scholar and philosophical essayist in 2006. Although he is currently Distinguished Professor of Risk Engineering at New York University’s Polytechnic Institute, he self-funds his research and operates in the manner of independent scholars. Taleb is the author of The Black Swan (2007–2010) and Antifragile (2012). His work focuses on decision making under uncertainty, as well as technical and philosophical problems with probability and metaprobability; in other words, “what to do in a world we don’t understand.”

Daniel Kahneman is a Nobel Prize laureate and the Eugene Higgins Professor of Psychology and Professor of Public Affairs Emeritus at Princeton University, and a founding partner of The Greatest Good, a consulting firm. Over a wide-ranging research career he has been involved in many fields of psychology, ranging from vision and attention to the study of juror behavior and the measurement of well-being. He is best known for his contributions, with his late colleague Amos Tversky, to the psychology of judgment and decision making, which inspired the development of behavioral economics. This work earned Kahneman the Nobel Prize in Economics in 2002. Kahneman’s recent book Thinking, Fast and Slow is a best-seller in several countries.
 

 

Why Antifragile Companies Will Become the New 1% | Brady Capital Research

As Taleb remarks, unlike black swan events, which are unpredictable by nature, “you can state with a lot more confidence that an object or a structure is more fragile than another should a certain event happen.” And the event that I describe above is the Social Revolution which I believe will shake up the soil of the corporate root system, ripping and tearing at the thin, narrow, and fragmented stakeholder roots of the “fragile” shell companies while increasing the immunity and accelerating the growth of the deep, thick, wide, and highly intertwined stakeholder root systems of the “antifragile” heart and soul companies.

via Why Antifragile Companies Will Become the New 1% | Brady Capital Research.

Nassim Taleb Discussing/Signing His New Title: Antifragile Things That Gain From Disorder at Barnes & Noble – Fifth Ave, New York NY

Nassim Taleb Discussing/Signing His New Title: Antifragile Things That Gain From Disorder

Business Author Breakfast: Nassim Taleb is a former derivatives trader who became a scholar and philosophical essayist. Bestselling titles include Fooled by Randomness and The Black Swan. His works focus on what to do in a world we don’t understand.

Friday February 08, 2013 8:00 AM

555 Fifth Avenue, New York, NY 10017, 212-697-3048

Special Instructions

Attendees must purchase Antifragile at the Fifth Avenue event host store. Please maintain your book purchase receipt. Store/event access 7:30 am, Cafe service available. Format: introduction, author discussion, Q& A, meet/greet Mr. Taleb and book signing. RSVP/information: e-mail crm2234A@bn.com

via Nassim Taleb Discussing/Signing His New Title: Antifragile Things That Gain From Disorder at Barnes & Noble – Fifth Ave, New York NY.

Business lessons from Anti-Fragile | Marketing Donut

Non-predictability

Taleb says that anything that is non-measurable and non-predictable will remain non-measurable and non-predictable, no matter how many PhDs you put on the job. There is a limit to knowledge that can be reached, no matter how much you rely on sophisticated statistical and risk management science.

Living life

Provided we have the right type of rigor, we need randomness, mess, adventures, uncertainty, self-discovery, near-traumatic episodes, all these things that make life worth living, compared to the structured, fake, and ineffective life of an empty-suit CEO with a preset schedule and an alarm clock.

via Business lessons from Anti-Fragile | Marketing Donut.

Start-Up: the book » Blog Archive » After the Black Swan, Taleb strikes again with Antifragile

Book review in the form of Taleb quotes organized under topics.

Taleb sometimes gives the feeling of contradictions: marketing is bad, but Steve Jobs is great; barbell strategy and optionality is great, but isn’t it about risks and downsides transferred to others [Isn’t Thales a pure speculator?], cigarettes are bad but traditions are good.

Also this love of tradition makes people with more background at ease to take risks with barbell strategy; but what about the poor with nothing to lose? Benefits might statistically go to those who already have… [It reminds the story told by J.-B. Doumeng: It is a millionaire who recounts his difficult beginnings: “I bought an apple 50 cents, I polished it to shine and I sold it for one franc. With this, I bought two apples 50cts, I carefully polished and I sold them 2 Fr after a moment, I could buy a cart to sell my apples and then I made a big inheritance … “]

You now know why it has been a challenge. A very strange, dense, fascinating book, but if you like these concepts, you must read Antifragile. In fact you must read the Black Swan first, if you have not and if you like it, I am sure you will read Antifragile.

via Start-Up: the book » Blog Archive » After the Black Swan, Taleb strikes again with Antifragile.