The Black Swan Free ePub Download

The Black Swan Free ePub Download

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Publisher: Random House Trade Paperbacks
Genres: Information Theory Books, Philosophy Books, Business & Management
Authors:
Pages: 444 pages
ISBN10: 0812973815
ISBN13: 9780812973815
Tags: Information Theory Books, Philosophy Books, Business & Management Books, Free Books Download, epub Books Download
Language: en
Physical Form: eBook
Type: ePUB
In the author's point of view, a black swan is an 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. 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'.

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