Search Results for: taleb

Why Catastrophes Happen

November 12, 2012

From Ubiquity: Why Catastrophes Happen There are many subtleties and twists in the story … but the basic message, roughly speaking, is simple: The peculiar and exceptionally unstable organization of the critical state does indeed seem to be ubiquitous in our world. Researchers in the past few years have found its mathematical fingerprints in the […]

The Limits of Crowd Wisdom

October 13, 2012

Jaron Lanier in You Are Not A Gadget commenting on the limits of crowd wisdom: There are certain types of answers that ought not be provided by an individual. When a government bureaucrat sets a price, for instance, the result is often inferior to the answer that would come from a reasonably informed collective that […]

When Storytelling Leads To Unhappy Endings

August 08, 2012

“The test of a first-rate intelligence is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function.” — F. Scott Fitzgerald *** John Kay, with an insightful piece in the Financial Times (available for free on his blog) commenting on the narrative fallacy. We do […]

10 Reasons Countries Fall Apart

July 17, 2012

“States don’t fail overnight. The seeds of of their destruction are sown deep within their political institutions.” Is it cutlure, weather, or Geography? What about war or some singular event that re-writes history? In their new book, Why Nations Fail: The Origins of Power, Prosperity, and Poverty, authors Daron Acemoglu and James Robinson argue that […]

The Noise Bottleneck: When More Information is Harmful

May 29, 2012

When consuming information, we strive for more signal and less noise. The problem is a cognitive illusion: we feel like the more information we consume the more signal we receive. While this is probably true on an absolute basis, Nassim Taleb argues in this excerpt from Antifragile, that it is not true on a relative basis. He […]

Summer Reading List: Curated Recommendations For a Curious Mind

May 20, 2012

If you haven’t already decided on your summer reading list, here is a curated list of multi-disciplinary books that can help fill your brain. Explaining Social Behavior: More Nuts and Bolts for the Social Sciences Nassim Taleb reviews this book, offering the following: “I read this book twice. The first time, I thought that it […]