Monday, May 28, 2012

Nassem Taleb is coming out with a new book: “Antifragile: Things that gain from disorder”:

Basically, continuing from the Black Swan, focuses on phenomena (in business, economic systems, life in general) that have the capacity to thrive and grow when exposed to volatility, randomness, uncertainty etc. Fascinating concept.
A couple of snippets from the prologue: 
What is antifragile loves randomness and uncertainty, which also means – crucially – a love of errors, a certain class of errors. Antifragility has a singular property of allowing us to deal with the unknown, to do things without understanding them  —and do them well. Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility.

By grasping  the  mechanisms  of  antifragility  we  can  build  a  systematic and broad guide to  nonpredictive  decision making under uncertainty in business, politics, medicine, and life in general  —anywhere the unknown preponderates, any situation in which there is randomness, unpredictability, opacity, or incomplete understanding of things.