“If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.”
Quote by Nassim Nicholas Taleb
Work
The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility
This second edition of Nassim Nicholas Taleb's influential work expands on the concept of the Black Swan—an event that is highly improbable, carries extreme impact, and is rationalized in hindsight. The book examines how such events dominate our world, from financial crashes to technological breakthroughs, and critiques the limitations of standard statistical tools and human cognitive biases in anticipating them. The updated edition includes new material on fragility, robustness, and antifragility, offering a deeper framework for navigating uncertainty and randomness in complex systems. more
Author
Nassim Nicholas Taleb
Nassim Nicholas Taleb is a renowned author, scholar, and thinker whose unique perspective and profound insights have had a wide-reaching impact in fields such as finance, statistics, and philosophy. He is best known for his books 'The Black Swan' and 'Fooled by Randomness', which have explored the nature of uncertainty, risk, and probability theory. more
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