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PRACTICAL UNCERTAINTY: Useful Ideas in Decision-Making, Risk, Randomness & AI
amazon.com
Rare events are always unexpected, otherwise they would not occur.
Nassim Nicholas Taleb • Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto Book 1)
The important thing is not to sit down and imagine every possible scenario in the tail (by definition, it is impossible) but to deal with fat-tailed domains in the correct way: by positioning ourselves to survive or even benefit from the wildly unpredictable future, by being the only ones thinking correctly and planning for a world we don’t fully u
... See moreRhiannon Beaubien • The Great Mental Models Volume 1: General Thinking Concepts
“Sophisticated minds adopt simplified lifestyles; simplistic minds are drawn to overly sophisticated lifestyles.”
— Nassim Taleb
Never compare a multiplicative, systemic, and fat-tailed risk to a non-multiplicative, idiosyncratic, and thin-tailed one.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
Half the time I am hyperconservative in the conduct of my own affairs; the other half I am hyperaggressive. This may not seem exceptional, except that my conservatism applies to what others call risk taking, and my aggressiveness to areas where others recommend caution.
Nassim Nicholas Taleb • The Black Swan: The Impact of the Highly Improbable (Incerto Book 2)
BLOWING UP How Nassim Taleb turned the inevitability of disaster into an investment strategy.
It explores Nassim Taleb's investment strategies based on unpredictability and risk management, contrasting his approach with that of Victor Niederhoffer, highlighting the unpredictability of financial markets and the concept of "black swans."
cpb-us-e2.wpmucdn.comantifragilidade tem um atributo singular de nos tornar aptos a lidar com o desconhecido, de fazer as coisas sem compreendê-las — e fazê-las bem.
Renato Marques • Antifrágil (Nova edição): Coisas que se beneficiam com o caos (Portuguese Edition)
The antifragility of the whole often depends on the fragility of the parts. Why death is a necessity for life. The benefits of errors for the collective. Why we need risk takers. A few remarks about modernity missing the point. A salute to the entrepreneur and risk taker.