Abstract

http://ssrn.com/abstract=1490769
 
 

References (17)



 
 

Citations (2)



 


 



Common Errors in the Interpretation of the Ideas of The Black Swan and Associated Papers


Nassim Nicholas Taleb


New York University-Poly School of Engineering

October 18, 2009


Abstract:     
The point of The Black Swan is that both empirical knowledge (i.e. extrapolating statistics) and a priori theories fail in the tails and it is vital to "robustify" against it using the concepts of "the fourth quadrant". The point has been garbled by members of the economics establishment that claim mistakenly "we know that" and "we know about fat tails" or "power laws". This is both wrong and not my point. The paper presents corrections to the misperceptions.

Number of Pages in PDF File: 7

Keywords: Black Swan, Risk Management, Finance, Markets

JEL Classification: D8, G11, G12, G13, N

working papers series


Download This Paper

Date posted: October 21, 2009  

Suggested Citation

Taleb, Nassim Nicholas, Common Errors in the Interpretation of the Ideas of The Black Swan and Associated Papers (October 18, 2009). Available at SSRN: http://ssrn.com/abstract=1490769 or http://dx.doi.org/10.2139/ssrn.1490769

Contact Information

Nassim Nicholas Taleb (Contact Author)
New York University-Poly School of Engineering ( email )
Brooklyn, NY 11201
United States

Feedback to SSRN


Paper statistics
Abstract Views: 19,136
Downloads: 7,038
Download Rank: 373
References:  17
Citations:  2

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.297 seconds