{"id":4561,"date":"2012-06-15T11:43:06","date_gmt":"2012-06-15T18:43:06","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=4561"},"modified":"2012-06-15T11:43:06","modified_gmt":"2012-06-15T18:43:06","slug":"nassim-taleb-and-infrastructure-price-roads","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2012\/06\/nassim-taleb-and-infrastructure-price-roads\/","title":{"rendered":"Nassim Taleb and Infrastructure | Price Roads"},"content":{"rendered":"<blockquote>\n<p>To my surprise, Taleb emailed me back a link to a PDF of a draft of a chapter of his new book. If you\u2019re used to Strunk and White-style economy in prose I\u2019ll warn you to focus on the ideas and ignore Taleb\u2019s intentionally ? meandering style. Taleb emphasizes using stressors to make sure something is resilient; and I\u2019ve wondered if he tests his work by including doses of insult, stereotyping, and health advice. Anyway, I don\u2019t mean to praise with faint damning. An excerpt:<\/p>\n<p>Let us start as usual with a transportation problem, and generalize to other areas. Travelers typically do not like uncertainty \u2014especially when they are on a set schedule. Why? There is a one way effect. I\u2019ve taken the very same London-New York flight most of my life. The flight takes about 7 hours, the equivalent of a short book plus a brief polite chat with a neighbor and a meal with Port wine, stilton cheese and crackers. I recall a few instances in which I arrived early, about twenty minutes, no more. But there have been instances in which I got there more than two and three hours late, and, in at least one instance, it has taken me more than two days to reach my destination. Because travel time cannot be really negative, uncertainty tends to cause delays, making arrival time increase, almost never decrease. Or it makes arrival time just decrease by minutes, and increase by hours, an obvious asymmetry. Anything unexpected, any shock, any volatility is much more likely to extend the total flying time.<\/p>\n<\/blockquote>\n<p>via <a href=\"http:\/\/priceroads.com\/2012\/06\/15\/nassim-taleb-and-infrastructure\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=nassim-taleb-and-infrastructure\">Nassim Taleb and Infrastructure | Price Roads<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To my surprise, Taleb emailed me back a link to a PDF of a draft of a chapter of his new book. If you\u2019re used to Strunk and White-style economy in prose I\u2019ll warn you to focus on the ideas and ignore Taleb\u2019s intentionally ? meandering style. Taleb emphasizes using stressors to make sure something [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[530],"tags":[541],"class_list":["post-4561","post","type-post","status-publish","format-standard","hentry","category-antifragility-2","tag-transportation-problem"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/4561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=4561"}],"version-history":[{"count":1,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/4561\/revisions"}],"predecessor-version":[{"id":4562,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/4561\/revisions\/4562"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=4561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=4561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=4561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}