{"id":8217,"date":"2016-01-15T22:26:25","date_gmt":"2016-01-16T06:26:25","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=8217"},"modified":"2016-01-15T22:26:25","modified_gmt":"2016-01-16T06:26:25","slug":"one-bank-flagship-seminar-by-nassim-nicholas-taleb-tail-risk-measurement-heuristics","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2016\/01\/one-bank-flagship-seminar-by-nassim-nicholas-taleb-tail-risk-measurement-heuristics\/","title":{"rendered":"One Bank Flagship Seminar by Nassim Nicholas Taleb &#8211; Tail Risk Measurement Heuristics"},"content":{"rendered":"<blockquote><p><strong>Date:<\/strong>\u00a0<strong>Thursday 18 February 2016<\/strong><br \/>\n<strong>Time:<\/strong>\u00a0 4.15-6pm<br \/>\n<strong>Venue:<\/strong>\u00a0Moorgate Auditorium, 20 Moorgate<br \/>\n<strong>Speaker:<\/strong> Professor Nassim Nicholas Taleb<\/p>\n<div>The first part of this talk \u2013 The Law of Large Numbers in the Real World \u2013 presents fat tails, defines them, and shows how the conventional statistics fail to operate in the real world, particularly with econometric variables, for two main reasons:\u00a01) we need a lot, a lot more data for fat tails;\u00a0 and 2) we are going about estimators the wrong way.\u00a0The second part \u2013 Detecting Fragility \u2013 presents heuristics to detect fragility in portfolios.\u00a0Fragility is shown to be \u2018anything that is harmed by volatility\u2019.\u00a0The good news is that while (tail) risk is not measurable, fragility is.<\/div>\n<div>&#8212;<\/div>\n<div>\n<div>This event is free though places are limited. <strong>Entry is on a first come, first served basis<\/strong>.\u00a0 To apply for a place, or for any queries about this event, please contact the <a href=\"mailto:stakeholderrelations@bankofengland.co.uk?subject=Nassim%20Taleb%20Seminar\">One Bank Research Seminar Team<\/a>.<\/p>\n<\/div>\n<p>Twitter Hashtag for this event: #BoETaleb<\/p><\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Date:\u00a0Thursday 18 February 2016 Time:\u00a0 4.15-6pm Venue:\u00a0Moorgate Auditorium, 20 Moorgate Speaker: Professor Nassim Nicholas Taleb The first part of this talk \u2013 The Law of Large Numbers in the Real World \u2013 presents fat tails, defines them, and shows how the conventional statistics fail to operate in the real world, particularly with econometric variables, for [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-8217","post","type-post","status-publish","format-standard","hentry","category-event"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/8217","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=8217"}],"version-history":[{"count":1,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/8217\/revisions"}],"predecessor-version":[{"id":8218,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/8217\/revisions\/8218"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=8217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=8217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=8217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}