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The Black Swan: The Impact of the Highly Improbable

The Black Swan: The Impact of the Highly ImprobableTitoloThe Black Swan: The Impact of the Highly Improbable
AutoreTaleb, Nassim Nicholas
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CategoriaBusiness & Economics: Management
RilegaturaHardcover
Dati366 p.; ill.
Anno2007
EditoreRandom House (NY)
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Descrizione
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.

Indice e argomenti trattati
Prologuexvii
On the Plumage of Birdsxvii
What you Do Not Knowxix
Experts and ``Empty Suits''xx
Learning to Learnxxi
A New Kind of Ingratitudexxii
Life Is Very Unusualxxiv
Plato and the Nerdxxv
Too Dull to Write Aboutxxvi
The Bottom Linexxvii
Chapters Mapxxviii
PART ONE: UMBERTO ECO'S ANTILIBRARY, OR HOW WE SEEK VALIDATION
1
The Apprenticeship of an Empirical Skeptic
3
Anatomy of a Black Swan
3
On Walking Walks
6
``Paradise'' Evaporated
7
The Starred Night
7
History and the Triplet of Opacity
8
Nobody Knows What's Going On
9
History Does Not Crawl, It Jumps
10
Dear Diary: On History Running Backward
12
Education in a Taxicab
14
Clusters
15
Where Is the Show?
17
83/4 Lbs Later
18
The Four-Letter Word of Independence
20
Limousine Philosopher
21
Yevgenia's Black Swan
23
The Speculator and the Prostitute
26
The Best (Worst) Advice
26
Beware the Scalable
28
The Advent of Scalability
29
Scalability and Globalization
31
Travels Inside Mediocristan
32
The Strange Country of Extremistan
33
Extremistan and Knowledge
34
Wild and Mild
35
The Tyranny of the Accident
35
One Thousand and One Days, or How Not to Be a Sucker
38
How to Learn from the Turkey
40
Trained to Be Dull
43
A Black Swan Is Relative to Knowledge
44
A Brief History of the Black Swan Problem
45
Sextus the (Alas) Empirical
46
Algazel
47
The Skeptic, Friend of Religion
48
I Don't Want to Be a Turkey
49
They Want to Live in Mediocristan
49
Confirmation Shmonfirmation!
51
Zoogles Are Not All Boogles
53
Evidence
55
Negative Empiricism
56
Counting to Three
58
Saw Another Red Mini!
59
Not Everything
60
Back to Mediocristan
61
The Narrative Fallacy
62
On the Causes of My Rejection of Causes
62
Splitting Brains
64
A Little More Dopamine
67
Andrey Nikolayevich's Rule
68
A Better Way to Die
70
Remembrance of Things Not Quite Past
70
The Madman's Narrative
71
Narrative and Therapy
73
To Be Wrong with Infinite Precision
74
Dispassionate Science
75
The Sensational and the Black Swan
76
Black Swan Blindness
77
The Pull of the Sensational
79
The Shortcuts
81
Beware the Brain
82
How to Avert the Narrative Fallac
83
Living in the Antechamber of Hope
85
Peer Cruelty
86
Where the Relevant Is the Sensational
87
Nonlinearities
88
Process over Results
89
Human Nature, Happiness, and Lumpy Rewards
91
The Antechamber of Hope
92
Inebriated by Hope
92
The Sweet Trap of Anticipation
93
When You Need the Bastiani Fortress
94
El desierto de los tartaros
94
Bleed or Blowup
96
Giacomo Casanova's Unfailing Luck: The Problem of Silent Evidence
100
The Story of the Drowned Worshippers
100
The Cemetery of Letters
102
How to Become a Millionaire in Ten Steps
105
A Health Club for Rats
107
Vicious Bias
108
More Hidden Applications
108
The Evolution of the Swimmer's Body
109
What You See and What You Don't See
110
Doctors
112
The Teflon-style Protection of Giacomo Casanova
112
``I Am a Risk Taker''
115
I Am a Black Swan: The Anthropic Bias
117
The Cosmetic Because
119
The Ludic Fallacy, or The Uncertainty of the Nerd
122
Fat Tony
122
Non-Brooklyn John
123
Lunch at Lake Como
125
The Uncertainly of the Nerd
127
Gambling with the Wrong Dice
129
Wrapping Up Part One
131
The Cosmetic Rises to the Surface
131
Distance from Primates
132
PART TWO: WE JUST CAN'T PREDICT
135
From Yogi Berra to Henri Poincare
136
The Scandal of Prediction
137
On the Vagueness of Catherine's Lover Count
138
Black Swan Blindness Redux
141
Guessing and Predicting
142
Information Is Bad for Knowledge
142
The Expert Problem, or the Tragedy of the Empty Suit
145
What Moves and What Does Not Move
145
How to Have the Last Laugh
148
Events Are Outlandish
149
Herding Like Cattle
150
I Was ``Almost'' Right
151
Reality? What For?
154
``Other Than That,'' It Was Okay
156
The Beauty of Technology: Excel Spreadsheets
158
The Character of Prediction Errors
159
Don't Cross a River if It Is (on Average) Four Feet Deep
160
Get Another Job
163
At JFK
163
How to Look for Bird Poop
165
How to Look for Bird Poop
165
Inadvertent Discoveries
166
A Solution Waiting for a Problem
169
Keep Searching
170
How to Predict Your Predictions!
171
The Nth Billiard Ball
174
Third Republic-Style Decorum
174
The Three Body Problem
176
They Still Ignore Hayek
179
How Not to Be a Nerd
181
Academic Libertarianism
183
Prediction and Free Will
183
The Grueness of Emerald
185
That Great Anticipation Machine
189
Epistemocracy, a Dream
190
Monsieur de Montaigne, Epistemocrat
191
Epistemocracy
192
The Past's Past, and the Past's Future
193
Prediction, Misprediction, and Happiness
194
Helenus and the Reverse Prophecies
195
The Melting Ice Cube
196
Once Again, Incomplete Information
197
What They Call Knowledge
198
Appelles the Painter, or What Do You Do if You Cannot Predict?
201
Advice Is Cheap, Very Cheap
201
Being a Fool in the Right Places
203
Be Prepared
203
The Idea of Positive Accident
203
Volatility and Risk of Black Swan
204
Barbell Strategy
205
``Nobody Knows Anything''
206
The Great Asymmetry
210
PART THREE: THOSE GRAY SWANS OF EXTREMISTAN
213
From Mediocristan to Extremistan, and Back
215
The World Is Unfair
215
The Matthew Effect
216
Lingua Franca
218
Ideas and Contagions
220
Nobody Is Safe in Extremistan
220
A Brooklyn Frenchman
221
The Long Tail
223
Naive Globalization
225
Reversals Away from Extremistan
227
The Bell Curve, That Great Intellectual Fraud
229
The Gaussian and the Mandelbrotian
229
The Increase in the Decrease
231
The Mandelbrotian
232
What to Remember
234
Inequality
234
Extremistan and the 80/20 Rule
235
Grass and Trees
236
How Coffee Drinking Can Be Safe
237
Love of Certainties
239
How to Cause Catastrophes
240
Quetelet's Average Monster
240
Golden Mediocrity
241
God's Error
242
Poincare to the Rescue
243
Eliminating Unfair Influence
243
``The Greeks Would Have Deified It''
244
``Yes/No'' Only Please
244
A (Literary) Thought Experiment on Where the Bell Curve Comes From
245
Those Comforting Assumptions
250
``The Ubiquity of the Gaussian''
251
The Aesthetics of Randomness
253
The Poet of Randomness
253
The Platonicity of Triangles
256
The Geometry of Nature
256
Fractality
257
A Visual Approach to Extremistan/Mediocristan
259
Pearls to Swine
260
The Logic of Fractal Randomness (with a Warning)
262
The Problem of the Upper Bound
266
Beware the Precision
266
The Water Puddle Revisited
267
From Representation to Reality
268
Once Again, Beware the Forecasters
270
Once Again, a Happy Solution
270
Where Is the Gray Swan?
272
Locke's Madmen, or Bell Curves in the Wrong Places
274
Only Fifty Years
275
The Clerks' Betrayal
275
Anyone Can Become President
277
More Horror
278
Confirmation
281
It Was Just a Black Swan
281
How to ``Prove'' Things
282
The Uncertainty of the Phony
286
Ludic Fallacy Redux
286
Find the Phony
287
Can Philosophers Be Dangerous to Society?
288
The Problem of Practice
289
How Many Wittgensteins Can Dance on the Head of a Pin?
289
Where Is Popper When You Need Him?
290
The Bishop and the Analyst
291
Easier Than You Think: The Problem of Decision Under Skepticism
292
PART FOUR: THE END
293
Half and Half, or How to Get Even with the Black Swan
295
When Missing a Train Is Painless
297
The End
297
Epilogue: Yevgenia's White Swans299
Acknowledgments301
Glossary307
Notes311
Bibliography331
Index359

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