Description:
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. 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. 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.
- Author:
- Taleb, Nassim Nicholas
- ISBN:
- 9781400063512
- Format:
- Hardcover
- Pages:
- 366
- Publish Date:
- 04/17/2007
- Publisher:
- Random House Inc
- Language:
- English
Customer Reviews
The book came within days of the purchase online. The book was in brand new excellent condition and the service was awesome.
- How often do you shop at Overstock.com? Few times a year
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Not recommended for casual thinkers on this topic. Highly recomended for those already interested in risk, markets, statistics, and unconventional approaches to the above.
- How often do you shop at Overstock.com? Monthly
- Are you a Club O Member? Yes
Rating 
juanramon May 7, 2007
- Information Value:
3 out of 5 - Entertainment Value:
5 out of 5 - Value:
4 out of 5
Not as good as Fooled by Randomness, but what he added here building on that first book was really interesting. He also has a style and outlook that is quite amusing. He's very iconoclastic and contrarian. Lot's of fun. Check it out.
- How often do you shop at Overstock.com? Monthly
Ratings-Only Reviews
Based on the average of (7) ratings-only reviews
4.57
out of
5.00
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