Wednesday, May 8, 2013

The "Black Swan Robust" Society

Taleb advocates what he calls a "black swan robust" society, meaning a society that can withstand difficult-to-predict events.

He proposes "antifragility" in systems, that is, an ability to benefit and grow from random events, errors, and volatility as well as "convex tinkering" as a method of scientific discovery, by which he means option-like experimentation outperforms directed research.

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