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Loading... The Black Swan: The Impact of the Highly Improbableby Nassim Nicholas Taleb
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will love Sign up for LibraryThing to find out whether you'll like this book. Taleb spends about 290 pages making snarky (but funny) comments on everything that's wrong with long-range forecasting. Scattered amongst them are maybe 10 more pages on what exactly to do about it. If he'd swapped those page counts, this would be one of the best books ever. The subtitle of Taleb's book is 'The Impact of the Highly Improbable' and he is very persuasive when explaining how these 'outlier' events have a huge impact on our lives. I found this book to be both entertaining and thought provoking. quite self-impressed author making constantly dull jokes on everyone and everything he might connect to france; anyone will know that today's weather says only a certain bit about tomorrow's weather; does not look to be become my most preferred book An interesting a-typical worldview presented in mostly readable format by a philosopher-thinker-mathematician. What I learned: expect the unexpected and don't fall for hype from financial advisers. 0.164 seconds to build listing no reviews | add a review
Amazon.com Product Description (ISBN 1400063515, Hardcover)A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives.Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don’t know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the “impossible.” For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. Now, in this revelatory book, Taleb explains everything we know about what we don’t know. He offers surprisingly simple tricks for dealing with black swans and benefiting from them. Elegant, startling, and universal in its applications The Black Swan will change the way you look at the world. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. The Black Swan is a landmark book–itself a black swan. (retrieved from Amazon Fri, 24 Apr 2009 07:58:01 -0400) The first test round has been closed. Visit the Open Shelves Classification group for details. |
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If nothing else, Taleb is a brilliant self-promoter who presents himself as a fascinating character. I can't imagine a mainstream talk-show producer reading this book without coveting him as a guest. (The fact that other reviewers have castigated him as "arrogant" only enhances this effect.) In an especially clever turn, he introduces the thinly-fictionalized alter-ego of "Nero Tulip," and describes Nero's spectacular facing down of his boss in an episode that could have been part of Palahniuk's Fight Club (98-99). Did Taleb really do that? Maybe.
One little fault I would charge against Taleb is his demonization of Plato. (xxv) He insists that he has read "more material from those I disagree with than from those whose opinion I share," (304) which is of course the intellectually upright approach for those engaged in argumentation. But there's no Plato in his bibliography, and his anecdote to demonstrate what he takes as "Platonicity" only cites a recent book on "handedness". (319) I suspect him of having ingested his distaste for Plato secondhand through Karl Popper. (Taleb lionizes Popper at length.) He insists that to "Platonify" is to see the world through predetermined categories and models. (257) But I think Taleb as a lot in common with Plato in his devotion to intellectual outsiders; and Plato shared Taleb's distrust of narrative knowledge, to the point of proposing that Homeric epics be outlawed.
A key message, and something of the spirit, of The Black Swan can be found in chapter 22 of Aleister Crowley's Book of Lies (1912): The Despot. Taleb writes: "Luck is the grand equalizer, because almost everyone can benefit from it." (222)