Knowledge@Wharton: Nassim Taleb on Living with Black Swans

Nassim Taleb is a literary essayist, hedge fund manager, derivatives trader and professor of risk engineering at The Polytechnic Institute of New York University. But he is best known these days as the author of The Black Swan: The Impact of the Highly Improbable. During a recent visit to Wharton as part of The Goldstone Forum, he spoke with Wharton finance professor Richard Herring — who taught Taleb when he was a Wharton MBA

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[PODCAST] The Wharton School: Nassim Taleb on Living with Black Swans (2011)

Posted on

October 3rd, 2014

Category

Audio, Podcasts

The James Altucher Show Cover ImageNassim Taleb has been interviewed by James Altucher on his Podcast The James Altucher Show talking about technology and how different systems handle disorder.

http://traffic.libsyn.com/altucher/JAS_NassimTaleb.mp3

JAMES ALTUCHER SHOW: EP.45 – NASSIM TALEB: WHY YOU SHOULD EMBRACE UNCERTAINTY

 

Direct Link: http://traffic.libsyn.com/altucher/JAS_NassimTaleb.mp3

[PODCAST] Nassim Taleb on the The James Altucher Show

Posted on

September 26th, 2014

Category

Audio, Podcasts

Take a look at Nassim’s Small is Beautiful: Risk, Scale and Concentration.

SMALL IS BEAUTIFUL: RISK, SCALE AND CONCENTRATION

Chapter Summary 17: We extract the effect of size on the degradation of the expectation of a random variable, from nonlinear response. The method is general and allows to show the “small is beautiful” or “decentralized is effective” or “a diverse ecology is safer” effect from a response to a stochastic stressor and prove stochastic diseconomies of scale and concentration (with as example the Irish potato famine and GMOs).

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Small is Beautiful

Posted on

September 15th, 2014

Category

Writing

Nassim recently posted a document called “Skepticism” on Facebook.

He had this to say about it:

Something people don’t get: more skepticism about climate models should lead to more “green” ecological conservationist policies not more lax pro-pollution ones. Why? Simply, uncertainty about the models increases fragility (and thickens the left tail), no matter what the benefits can be in the right tail. Added the section to the precautionary principle. Please discuss but stick to rigor and avoid buzzwords. (Also do not think that the idea is falling from the sky: it is a mere

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Nassim Posts Document on Skepticism and How Uncertainty Should Actually Lead to More Conservationism

Posted on

September 5th, 2014

Category

Academic, Writing

Nassim Taleb is starting the new academic year with a new role. Along with Charles Tapiero, Taleb will be co-director of the  EXTREME RISK INITIATIVE, which is expected to develop into an Extreme Risk Institute within the NYU School of Engineering. Here is the official description from his Facebook Page:

In spite of the importance of extreme/hidden risks, there has not been a rigorous methodology to deal with them; statistical or mathematical approaches have not been formally reconciled with real-world decision-making the way engineering has traditionally integrated mathematics and real world heuristics. Extreme

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Taleb Co-Founder and Co-Director of EXTREME RISK INITIATIVE

Posted on

August 19th, 2014

Category

Academic