Nassim Nicholas Taleb

(Author)

The Black Swan: Second Edition: The Impact of the Highly Improbable: With a New Section: On Robustness and FragilityPaperback, 11 May 2010

The Black Swan: Second Edition: The Impact of the Highly Improbable: With a New Section: On Robustness and Fragility
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Part of Series
Incerto
Print Length
480 pages
Language
English
Publisher
Random House Trade
Date Published
11 May 2010
ISBN-10
081297381X
ISBN-13
9780812973815

Description

The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don't know, now with a new section called "On Robustness and Fragility."

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. In this revelatory book, Taleb will change the way you look at the world, and this second edition features a new philosophical and empirical essay, "On Robustness and Fragility," which offers tools to navigate and exploit a Black Swan 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. Elegant, startling, and universal in its applications, The Black Swan is a landmark book--itself a black swan.

Product Details

Author:
Nassim Nicholas Taleb
Book Format:
Paperback
Country of Origin:
US
Date Published:
11 May 2010
Dimensions:
21.84 x 11.48 x 2.64 cm
ISBN-10:
081297381X
ISBN-13:
9780812973815
Language:
English
Location:
New York, NY
Pages:
480
Series:
Weight:
331.12 gm

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