The Black Swan: The Impact of the Highly Improbable (Incerto)

the impact of the highly improbable

Paperback, 366 pages

English language

Published 2007 by Random House.

ISBN:
978-1-4000-6351-2
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OCLC Number:
71833470
Goodreads:
242472

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The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.” 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 …

27 editions

Thought it might be my cup of tea, but it isn't

I think I just don't like the narrative style. There's interesting things said, great concepts, but the tone, the stories, the framing with anecdotes just makes it a bit of a drag to read. I was on a pop-science reading trip, rattling through half a dozen books in a month until I crashed to a halt with Black Swan and now every time I look at it, I reach for some Scots poetry instead. This book hasn't turned me off pop-science, its just making it hard to go on.

Review of 'Le cygne noir' on 'Goodreads'

Je n'ai que rarement lu de livre aussi contrasté que celui-ci.
Tellement même que je ne sais même pas par où commencer.
AU niveau de la forme, c'est assez bien écrit .... mais au service d'une espèce de prétention difficilement imaginable : l'auteur pense manifestement que même un prix Nobel ne serait pas suffisant pour reconnaître tout son génie ...Cette prétention irrigue tout le livre pour le rendre absolument insupportable.
Qui plus est, l'idée censément tellement intelligente qu'il souhaite présenter est en fait assez triviale : il y a des inconnus inconnus, et face à eux, les statistiques gaussiennes sont impuissantes. Ce qui est extrêmement bizarre, c'est que l'auteur prétend disposer d'une culture supérieure, et semble ignorer par le même temps (ou vouloir s'approprier) l'ensemble des idées de la zététique alors même que ce qu'il fait n'est que les mettre en application dans le domaine, certes beaucoup plus scientiste que …

Review of 'The Black Swan: The Impact of the Highly Improbable (Incerto)' on 'LibraryThing'

The author has an annoying persona, but the ideas are very intriguing. He divides phenomena into two classes: mediocristan (where variability is constrained by physical properties, and standard statistics applies) and extremistan (where exteme events can be expected to wildly skew results). Markets and most financial statistics he places in extremistan (although the division seems highly arbitrary). In light of recent economic events, his thinking seems persuasive. But it's hard to see it as a guide to action.

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Subjects

  • Uncertainty (Information theory) -- Social aspects
  • Forecasting

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