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Nassim Taleb
Nassim Nicholas Taleb (; alternatively ''Nessim ''or'' Nissim''; born 12 September 1960) is a Lebanese-American essayist, mathematical statistician, former option trader, risk analyst, and aphorist. His work concerns problems of randomness, probability, complexity, and uncertainty. Taleb is the author of the ''Incerto'', a five-volume work on the nature of uncertainty published between 2001 and 2018 (notably, '' The Black Swan'' and '' Antifragile''). He has taught at several universities, serving as a Distinguished Professor of Risk Engineering at the New York University Tandon School of Engineering since September 2008. He has also been a practitioner of mathematical finance and is currently an adviser at Universa Investments. ''The Sunday Times'' described his 2007 book '' The Black Swan'' as one of the 12 most influential books since World War II. Taleb criticized risk management methods used by the finance industry and warned about financial crises, subsequently ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amioun
Amioun (; ) is the capital of the predominantly Greek Orthodox Christianity in Lebanon, Greek Orthodox Koura District (i.e. χώρα, "country" in Greek) in North Lebanon. Etymology The town of Amioun derives its name from the Aramaic language, meaning "'am Yawan" "place of the Greeks", with a possible alternative root ''fortified town'' with Roman temples. Amioun is located on the top of an ancient hill dating back to before the 2nd millennium B.C., and the town was called "Amia" during this period. The word ''Amia'' was cited in the letters of Tell el Amarna, which were sent in the 14th century B.C. by local governors to their overlords, the pharaohs of Ancient Egypt, Egypt. In his etymological study of the names of Lebanon's towns and villages, historian Anis Freiha asserted that ''Amia'' is in turn derived from the Semitic word ''emun'', meaning "invincible fort". Demographics Amioun had a population of 2,673 in 1953. In 2014, Christianity in Lebanon, Christians made u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Massachusetts Amherst
The University of Massachusetts Amherst (UMass Amherst) is a public land-grant research university in Amherst, Massachusetts, United States. It is the flagship campus of the University of Massachusetts system and was founded in 1863 as the Massachusetts Agricultural College. It is also a member of the Five College Consortium, along with four other colleges in the Pioneer Valley. UMass Amherst has the largest undergraduate population in Massachusetts with roughly 24,000 enrolled undergraduates. The university offers academic degrees in 109 undergraduate, 77 master's, and 48 doctoral programs in nine schools and colleges. It is classified among "R1: Doctoral Universities – Very high research activity". According to the National Science Foundation, the university spent $211 million on research and development in 2018. The university's 21 varsity athletic teams compete in NCAA Division I and are collectively known as the Minutemen and Minutewomen. The university is a memb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York University Tandon School Of Engineering
The New York University Tandon School of Engineering (commonly referred to as Tandon) is the engineering and applied sciences school of New York University. Tandon is the second oldest private engineering and technology school in the United States. The school dates back to 1854 when its predecessor institutions were separately founded: the University of the City of New York School of Civil Engineering and Architecture, which evolved into the NYU College of Engineering; and the Brooklyn Collegiate and Polytechnic Institute, which evolved into Polytechnic Institute. In 1973, Polytechnic Institute acquired the College of Engineering from NYU, but in 2008, Polytechnic was absorbed by NYU to become its new engineering school. In 2015 NYU renamed the engineering school in honor of NYU Trustees Chandrika and Ranjan Tandon following their donation of $100 million to the school. The school's main campus is in Brooklyn's MetroTech Center, an urban academic-industrial research park. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Antifragile (book)
''Antifragile: Things That Gain From Disorder'' is a book by Nassim Nicholas Taleb published on November 27, 2012, by Random House in the United States and Penguin Penguins are a group of aquatic flightless birds from the family Spheniscidae () of the order Sphenisciformes (). They live almost exclusively in the Southern Hemisphere. Only one species, the Galápagos penguin, is equatorial, with a sm ... in the United Kingdom. This book builds upon ideas from his previous works including '' Fooled by Randomness'' (2001), ''The Black Swan'' (2007–2010), and '' The Bed of Procrustes'' (2010–2016), and is the fourth book in the five-volume philosophical treatise on uncertainty titled ''Incerto''. Some of the ideas are expanded on in Taleb's fifth book Skin in the Game (book), ''Skin in the Game: Hidden Asymmetries in Daily Life'' (2018). Summary The titular concept of antifragility uses examples from science and mathematics to argue that some systems are strengthe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Impact Of The Highly Improbable
''The'' is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pronoun ''thee' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uncertainty
Uncertainty or incertitude refers to situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown, and is particularly relevant for decision-making. Uncertainty arises in partially observable or stochastic environments, as well as due to ignorance, Laziness, indolence, or both. It arises in any number of fields, including insurance, philosophy, physics, statistics, economics, finance, medicine, psychology, sociology, engineering, metrology, meteorology, ecology and information science. Concepts Although the terms are used in various ways among the general public, many specialists in decision theory, statistics and other quantitative fields have defined uncertainty, risk, and their measurement as: Uncertainty The lack of certainty, a state of limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Complexity
Complexity characterizes the behavior of a system or model whose components interact in multiple ways and follow local rules, leading to non-linearity, randomness, collective dynamics, hierarchy, and emergence. The term is generally used to characterize something with many parts where those parts interact with each other in multiple ways, culminating in a higher order of emergence greater than the sum of its parts. The study of these complex linkages at various scales is the main goal of complex systems theory. The intuitive criterion of complexity can be formulated as follows: a system would be more complex if more parts could be distinguished, and if more connections between them existed. , a number of approaches to characterizing complexity have been used in science; Zayed ''et al.'' reflect many of these. Neil Johnson states that "even among scientists, there is no unique definition of complexity – and the scientific notion has traditionally been conveyed using partic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Randomness
In common usage, randomness is the apparent or actual lack of definite pattern or predictability in information. A random sequence of events, symbols or steps often has no order and does not follow an intelligible pattern or combination. Individual random events are, by definition, unpredictable, but if there is a known probability distribution, the frequency of different outcomes over repeated events (or "trials") is predictable.Strictly speaking, the frequency of an outcome will converge almost surely to a predictable value as the number of trials becomes arbitrarily large. Non-convergence or convergence to a different value is possible, but has probability zero. Consistent non-convergence is thus evidence of the lack of a fixed probability distribution, as in many evolutionary processes. For example, when throwing two dice, the outcome of any particular roll is unpredictable, but a sum of 7 will tend to occur twice as often as 4. In this view, randomness is not haphaza ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aphorist
An aphorism (from Greek ἀφορισμός: ''aphorismos'', denoting 'delimitation', 'distinction', and 'definition') is a concise, terse, laconic, or memorable expression of a general truth or principle. Aphorisms are often handed down by tradition from generation to generation. The concept is generally distinct from those of an adage, brocard, chiasmus, epigram, maxim (legal maxim, legal or maxim (philosophy), philosophical), principle, proverb, and saying; although some of these concepts could be construed as types of aphorism. Often aphorisms are distinguished from other short sayings by the need for interpretation to make sense of them. In ''A Theory of the Aphorism'', Andrew Hui defined an aphorism as "a short saying that requires interpretation". A famous example is: History The word was first used in the ''Aphorisms'' of Hippocrates, a long series of propositions concerning the symptoms and diagnosis of disease and the art of healing and medicine. The often-cite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk Analysis
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. One international standard definition of risk is the "effect of uncertainty on objectives". The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas (business, economics, environment, finance, information technology, health, insurance, safety, security, privacy, etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and general guidelines on managing risks faced by organizations. Definitions of risk Oxford English Dictionary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Option Trader
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or financial instrument, instrument at a specified strike price on or before a specified expiration (options), date, depending on the Option style, style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset (or contingent liability) and have a Valuation of options, valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''Over-the-counter (finance), over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
