Nassim Nicholas Taleb

Nassim Nicholas Taleb
Taleb in 2010
Born12 September 1960 (1960-09-12) (age 63)
Amioun, Lebanon
NationalityLebanese and American
Alma mater
Known forApplied epistemology, antifragility, black swan theory, ludic fallacy, antilibrary
AwardsBruno Leoni Award, Wolfram Innovator Award
Scientific career
FieldsDecision theory, risk, probability
InstitutionsNew York University Tandon School of Engineering, University of Massachusetts Amherst, Courant Institute of Mathematical Sciences
Thesis The Microstructure of Dynamic Hedging  (1998)
Doctoral advisorHélyette Geman
Websitefooledbyrandomness.com

Nassim Nicholas Taleb[a] (/ˈtɑːləb/; alternatively Nessim or Nissim; born 12 September 1960) is a Lebanese-American essayist, mathematical statistician, former option trader, risk analyst, and aphorist[1][2] whose work concerns problems of randomness, probability, and uncertainty.

Taleb is the author of the Incerto, a five-volume philosophical essay on uncertainty published between 2001 and 2018 (notably, The Black Swan and Antifragile). He has been a professor at several universities, serving as a Distinguished Professor of Risk Engineering at the New York University Tandon School of Engineering since September 2008.[3][4][5][6][7] He has been co-editor-in-chief of the academic journal Risk and Decision Analysis since September 2014. He has also been a practitioner of mathematical finance, a hedge fund manager, and a derivatives trader, and is currently listed as a scientific adviser at Universa Investments.[8] The Sunday Times called his 2007 book The Black Swan one of the 12 most influential books since World War II.[9]

Taleb criticized the risk management methods used by the finance industry and warned about financial crises, subsequently profiting from the late-2000s financial crisis.[10][11] He advocates what he calls a "black swan robust" society, meaning a society that can withstand difficult-to-predict events.[12] He proposes what he has termed "antifragility" in systems; that is, an ability to benefit and grow from a certain class of random events, errors, and volatility,[13][14] as well as "convex tinkering" as a method of scientific discovery, by which he means that decentralized experimentation outperforms directed research.[15][16]


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  1. ^ Berenson, Alex (11 September 2009). "A Year Later, Little Change on Wall St". The New York Times. Nassim Nicholas Taleb, a statistician, trader, and author, has argued for years that. ...
  2. ^ Maslin, Janet (16 November 2010). "Explaining the Modern World and Keeping It Short". The New York Times. In his happily provocative new book of aphorisms, the fiscal prophet and self-appointed flâneur Nassim Nicholas Taleb aims particular scorn at anyone who thinks aphorisms require explanation. ...
  3. ^ "Hardcover Business Best Sellers". New York Times. 2 November 2008.
  4. ^ Cite error: The named reference Slate was invoked but never defined (see the help page).
  5. ^ "Right Out Of The Blue". Businessworld. 24 April 2007. Archived from the original on 8 September 2009. Retrieved 14 October 2009.
  6. ^ "The third culture – Nassim Nicholas Taleb". Edge. Archived from the original on 24 July 2013. Retrieved 14 October 2009.
  7. ^ Cite error: The named reference nyuedu was invoked but never defined (see the help page).
  8. ^ "People at Universa Investments L.P." www.universa.net. Universa Investments L.P. Archived from the original on 23 July 2018. Retrieved 8 March 2018.
  9. ^ Appleyard, Bryan (19 July 2009). "Books that helped to change the world". The Sunday Times.
  10. ^ Patterson, Scott (3 November 2008). "October Pain Was 'Black Swan' Gain". The Wall Street Journal. Retrieved 14 October 2009.
  11. ^ Taleb, Nassim Nicholas. "How Do You Solve A Problem Like Uncertainty". IAI TV. Retrieved 14 February 2014.
  12. ^ "Brevan Howard Shows Paranoid Survive in Hedge Fund of Time Outs". Bloomberg News. 31 March 2009. 'black swans' – difficult-to-predict events that can wipe out a fund. The term was popularized by hedge fund manager and author Nassim Taleb."
  13. ^ Danchin, Antoine; Binder, Philippe M.; Noria, Stanislas (2011). "Genes | Free Full-Text | Antifragility and Tinkering in Biology (and in Business) Flexibility Provides an Efficient Epigenetic Way to Manage Risk". Genes. 2 (4): 998–1016. doi:10.3390/genes2040998. PMC 3927596. PMID 24710302.
  14. ^ "Antoine Danchin on The Anti-Fragile Life of the Economy". Project-syndicate.org. 1 May 2015. Retrieved 7 May 2015.
  15. ^ Derbyshire, J.; Wright, G. (2014). "Preparing for the future: development of an 'antifragile' methodology that complements scenario planning by omitting causation" (PDF). Technological Forecasting and Social Change. 82: 215–225. doi:10.1016/j.techfore.2013.07.001.
  16. ^ Mattos-Hall, J. A. (2014). Strategy Under Uncertainty: Open Innovation and Strategic Learning for the Iceland Ocean Cluster (Thesis) (Thesis).

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