Tag Archives: black swan

Tom Peters, Black Swans, and Resilience

Business writer Tom Peters (he co-wrote 1980s business bestseller In search of excellence) writes on his blog about Resilience and Black Swans: I am mesmerized by Black Swans. We must live day to day, year to year, gettin’ on with getting’ … Continue reading

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Steve Carpenter on Black Swans

Ecologist Steve Carpenter follows up on Don Ludwig’s comments on Nassim Nicholas Taleb‘s book The Black Swan: Both of Taleb’s books are highly entertaining. But he over-reaches. There are some odd mistakes. For example, he makes much of a supposed … Continue reading

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Don Ludwig on the Black Swan

The applied mathematician and scholar of uncertainty Don Ludwig reflects on the financial crisis, resilience, and The Black Swan: This is a sort of book review. By now you may have heard of The Black Swan: the impact of the … Continue reading

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Financial resilience – Taleb and Mandelbrot reflect on crisis

Nassim “Black Swan” Taleb writes on Edge about an unwillingness or consider and remember extreme events leads to financial disaster in The Fourth Quadrant: A map of the limits of statistics. Statistical and applied probabilistic knowledge is the core of … Continue reading

Posted in Ecological Management, Regime Shifts | Tagged , , , , , | 3 Comments

Taleb on the failures of financial economics

Nassim Nicholas Taleb writes in Financial Times that because financial economics focus on normal and marginal behaviour at the expense of shocks and market reorganizations it is a pseudo-science hurting markets: I was a trader and risk manager for almost … Continue reading

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Black Swans: expecting the unexpected

Nassim Nicholas Taleb uses the term Black Swan to identify significant unexpected events. Holling made some similar points from a different perspective in his 1973 paper on resilience and his 1986 paper the resilience of terrestrial ecosystems; local surprise and … Continue reading

Posted in Ideas, Reorganization | Tagged , , , | 6 Comments