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Antifragile (book)
''Antifragile: Things That Gain From Disorder'' is a book by Nassim Nicholas Taleb published on November 27, 2012, by Random House in the United States and Penguin in the United Kingdom. This book builds upon ideas from his previous works including ''Fooled by Randomness'' (2001), ''The Black Swan'' (2007–2010), and ''The Bed of Procrustes'' (2010–2016) and is the fourth book in the five-volume philosophical treatise on uncertainty titled ''Incerto''. Some of the ideas are expanded in Taleb’s fifth book ''Skin in the Game: Hidden Asymmetries in Daily Life'' (2018). Summary Taleb introduces the book as follows: "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond resilience or robustness. The resilient resists sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nassim Nicholas Taleb
Nassim Nicholas Taleb (; alternatively ''Nessim ''or'' Nissim''; born 12 September 1960) is a Lebanese-American essayist, mathematical statistician, former option trader, risk analyst, and aphorist whose work concerns problems of randomness, probability, and uncertainty. ''The Sunday Times'' called his 2007 book '' The Black Swan'' one of the 12 most influential books since World War II. Taleb is the author of the ''Incerto'', a five-volume philosophical essay on uncertainty published between 2001 and 2018 (of which the best-known books are ''The Black Swan'' and ''Antifragile''). He has been a professor at several universities, serving as a Distinguished Professor of Risk Engineering at the New York University Tandon School of Engineering since September 2008. He has been co-editor-in-chief of the academic journal ''Risk and Decision Analysis'' since September 2014. He has also been a practitioner of mathematical finance, a hedge fund manager, and a derivatives trader, and i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia University Press
Columbia University Press is a university press based in New York City, and affiliated with Columbia University. It is currently directed by Jennifer Crewe (2014–present) and publishes titles in the humanities and sciences, including the fields of literary and cultural studies, history, social work, sociology, religion, film, and international studies. History Founded in May 1893, In 1933 the first four volumes of the ''History of the State of New York'' were published. In early 1940s revenues rises, partially thanks to the ''Encyclopedia'' and the government's purchase of 12,500 copies for use by the military. Columbia University Press is notable for publishing reference works, such as ''The Columbia Encyclopedia'' (1935–present), ''The Columbia Granger's Index to Poetry'' (online as ''The Columbia World of Poetry Online'') and ''The Columbia Gazetteer of the World'' (also online) and for publishing music. First among American university presses to publish in electronic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fallacy
A fallacy is the use of invalid or otherwise faulty reasoning, or "wrong moves," in the construction of an argument which may appear stronger than it really is if the fallacy is not spotted. The term in the Western intellectual tradition was introduced in the Aristotelian '' De Sophisticis Elenchis''. Some fallacies may be committed intentionally to manipulate or persuade by deception. Others may be committed unintentionally because of human limitations such as carelessness, cognitive or social biases and ignorance, or, potentially, as the inevitable consequence of the limitations of language and understanding of language. This includes ignorance of the right reasoning standard, but also ignorance of relevant properties of the context. For instance, the soundness of legal arguments depends on the context in which the arguments are made. Fallacies are commonly divided into "formal" and "informal." A formal fallacy is a flaw in the structure of a deductive argument which ren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philistinism
In the fields of philosophy and of aesthetics, the term philistinism describes the attitudes, habits, and characteristics of a person who deprecates art and beauty, spirituality and intellect.''Webster's New Twentieth Century Dictionary of the English Language – Unabridged'' (1951) p. 1260 As a derogatory term philistine describes a person who is narrow-minded and hostile to the life of the mind, whose materialistic worldview and tastes indicate an indifference to cultural and aesthetic values. The contemporary meaning of ''philistine'' derives from Matthew Arnold's adaptation to English of the German word ''Philister'', as applied by university students in their antagonistic relations with the townspeople of Jena, Germany, where a row resulted in several deaths, in 1689. About the riot, Georg Heinrich Götze, the ecclesiastical superintendent, applied the word ''Philister'' in his sermon about the social class hostilities between students and townspeople. Götze addressed t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and later at Princeton University. He retired from Princeton in June 2015, and holds the title of professor emeritus there. He also holds the title of Centennial Professor at the London School of Economics. Krugman was President of the Eastern Economic Association in 2010, and is among the most influential economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Friedman
Thomas Loren Friedman (; born July 20, 1953) is an American political commentator and author. He is a three-time Pulitzer Prize winner who is a weekly columnist for ''The New York Times''. He has written extensively on foreign affairs, global trade, the Middle East, globalization, and environmental issues. Early life and education Friedman was born on July 20, 1953, in Minneapolis, Minnesota, the son of Margaret Blanche (née Phillips) and Harold Abe Friedman. Harold, who was vice president of a ball bearing company, United Bearing, died of a heart attack in 1973 when Tom was nineteen years old. Margaret, who served in the United States Navy during World War II and studied Home Economics at the University of Wisconsin, was a homemaker and a part-time bookkeeper. Margaret was also a Senior Life Master duplicate bridge player, and died in 2008. Friedman has two older sisters, Shelly and Jane. From an early age, Friedman, whose father often took him to the golf course for a round ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hidden Asymmetries In Daily Life
Hidden or The Hidden may refer to: Film and television Film * ''The Hidden'' (film), a 1987 American science fiction/horror film * ''Hidden'' (2005 film) or ''Caché'', a French thriller film * ''Hidden'' (2009 film), a Norwegian horror film * ''Hidden 3D'', a 2011 Italian-Canadian horror film * ''Hidden'' (2015 film), an American psychological thriller film Television * ''Hidden'' (2011 TV series), a British political drama series * ''Hidden'' (2018 TV series), a Welsh/English bilingual police drama series * "Hidden" (''The 4400''), an episode * "Hidden" (''Smallville''), an episode * "The Hidden" (''The Penguins of Madagascar''), an episode Literature * ''Hidden'' (''Torchwood''), a 2008 audiobook based on the TV series ''Torchwood'' * ''Hidden'', a 2012 ''House of Night'' novel by P. C. Cast and Kristin Cast * ''The Hidden'' (novel), a 2000 ''Animorphs'' novel * ''The Hidden'', a 2004 novel by Sarah Pinborough Music * ''Hidden'' (Coma Virus album), 1996 * ''Hidd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Principal–agent Problem
The principal–agent problem refers to the conflict in interests and priorities that arises when one person or entity (the "agent") takes actions on behalf of another person or entity (the " principal"). The problem worsens when there is a greater discrepancy of interests and information between the principal and agent, as well as when the principal lacks the means to punish the agent. The deviation from the principal's interest by the agent is called " agency costs".''Pay Without Performance'', Lucian Bebchuk and Jesse Fried, Harvard University Press 2004preface and introduction Common examples of this relationship include corporate management (agent) and shareholders (principal), elected officials (agent) and citizens (principal), or brokers (agent) and markets (buyers and sellers, principals). In all these cases, the principal has to be concerned with whether the agent is acting in the best interest of the principal. The concepts of moral hazard and conflict of interest re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Green Lumber Fallacy
Green is the color between cyan and yellow on the visible spectrum. It is evoked by light which has a dominant wavelength of roughly 495570 nm. In subtractive color systems, used in painting and color printing, it is created by a combination of yellow and cyan; in the RGB color model, used on television and computer screens, it is one of the additive primary colors, along with red and blue, which are mixed in different combinations to create all other colors. By far the largest contributor to green in nature is chlorophyll, the chemical by which plants photosynthesize and convert sunlight into chemical energy. Many creatures have adapted to their green environments by taking on a green hue themselves as camouflage. Several minerals have a green color, including the emerald, which is colored green by its chromium content. During post-classical and early modern Europe, green was the color commonly associated with wealth, merchants, bankers, and the gentry, while red was r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbell Strategy
In finance, a barbell strategy is formed when a Trader (finance), trader invests in long- and short-duration Bond (finance), bonds, but does not invest in intermediate-duration bonds. This strategy is useful when interest rates are rising; as the short term maturities are rolled over they receive a higher interest rate, raising the value. A contrasting strategy is the bullet strategy, which involves investing only in intermediate-term bonds. Concept A barbell strategy is one of several different types of portfolio strategies that is designed to create a reasonable Rate of return, return on the investments that are part of the asset Market portfolio, portfolio. The barbell strategy is built around the concept of focusing on the maturities of the securities in the portfolio by making sure the maturity dates are either very close or at a distant date. It is similar to the Laddering, laddered approach. Application The key to employing a barbell strategy is seeking to include bonds and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lindy Effect
The Lindy effect (also known as Lindy's Law) is a theorized phenomenon by which the future life expectancy of some non-perishable things, like a technology or an idea, is proportional to their current age. Thus, the Lindy effect proposes the longer a period something has survived to exist or be used in the present, the longer its remaining life expectancy. Longevity implies a resistance to change, obsolescence or competition and greater odds of continued existence into the future. Where the Lindy effect applies, mortality rate ''decreases'' with time. Mathematically, the Lindy effect corresponds to lifetimes following a Pareto probability distribution. The concept is named after Lindy's delicatessen in New York City, where the concept was informally theorized by comedians. The Lindy effect has subsequently been theorized by mathematicians and statisticians. Nassim Nicholas Taleb has expressed the Lindy effect in terms of "distance from an absorbing barrier." The Lindy effect a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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