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The Black Swan: The Impact of the Highly Improbable

The Black Swan: The Impact of the Highly Improbable

Nassim Nicholas Taleb, PH.D., MBA

9780812973815

Random US


Information theory; Philosophy; Management & management techniques; Health & Self-Help

Paperback

$24.95  $19.20

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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. <br>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. <br>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. <br>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. <p> From the Hardcover edition.

By:   Nassim Nicholas Taleb PH.D. MBA
Imprint:   Random US
Country of Publication:   United States
ISBN:  

9780812973815


ISBN 10:   081297381X
Publication Date:   May 2010
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active
Availability:   Available   Availability explained
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