The Black Swan: The Impact of the Highly Improbable
The Black Swan: The Impact of the Highly Improbable
Out of context: Reply #8
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- TheBlueOne0
I've read both "fooled by randomness" and "Black Swan" - interesting ideas, although I think he takes up way too much space to explain some very simple concepts (the impact of unforseen events). He has a point, but I think he grinds it too finely. For a different take on a similar line of thinking I'd suggest Stuart Kauffman's "At Home In The Universe"
http://www.amazon.com/At-Home-Un…
Not financial at all, but Kauffman was around at the beginning of the whole "chaos/complexity" science thing and he has some pretty neat ideas about the stuff as it pertains to biology, physical & cultural systems.
Or on the finance/economics tip with complexity/prediction and chaos theory, W. Brian Arthur is a great, if kinda brainy wonky read: