The Black Swan PDF
By:Nassim Nicholas Taleb
Published on 2009-10-13 by National Geographic Books
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'.
This Book was ranked at 41 by Google Books for keyword Investing Bonds Business Money.
Book ID of The Black Swan's Books is noDX8lLQkO8C, Book which was written byNassim Nicholas Talebhave ETAG "ynm1HMl69js"
Book which was published by National Geographic Books since 2009-10-13 have ISBNs, ISBN 13 Code is 9780812979183 and ISBN 10 Code is 0812979184
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Book which have "366 Pages" is Printed at BOOK under CategoryForecasting
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