Taleb, Nassim Nicholas
The Black Swan: The Impact of the Highly Improbable
- ISBN 13:
- 9780141034591
- author:
- Taleb, Nassim Nicholas
- format:
- Paperback
- publisher:
- Penguin
- language:
- English
- Publication Year:
- 2008
- Pages:
- 400
- Dimensions:
- 19.6 x 12.7 x 3 centimetres (0.3
- Genre:
- Information theory
- Condition:
- New
- Availability:
- Item usually sent within 7 working days
Description
The Black Swan: The Impact of the Highly Improbable The concept of the black swan has profound implications for our understanding of the world. A black swan is a highly improbable event with three key characteristics: it is unpredictable, carries a massive impact, and, in the aftermath, we create explanations that make it seem less random and more predictable than it actually was. The success of Google and the events of 9/11 are examples of black swans that have shaped our world. Our tendency to focus on specifics rather than generalities is a significant obstacle to acknowledging the phenomenon of black swans. We are wired to learn from our existing knowledge, but this approach often leads us to overlook the unknown and fail to consider the possibilities. As a result, we are unable to truly estimate opportunities and are vulnerable to the impulse to simplify and categorize. In this book, Nassim Nicholas Taleb offers insights into how we can better navigate the complexities of the world and make the most of the unexpected events that shape our lives. He provides simple yet effective strategies for dealing with black swans and benefiting from them.
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