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A Macat Analysis of The Black Swan: The Impact of the Highly Improbable

Audiobook
2 of 2 copies available
2 of 2 copies available

Europeans once thought all swans were white, and white was part of how they defined 'swan.' Then black swans were discovered, and the definition changed forever. In his 2007 book, Nicholas Taleb says the black swans of his title can appear at any time, in the form of financial crises, wars, and other unexpected events that have profound, irreversible consequences. He draws on philosophy, mathematics and economics to explain why we seldom prepare for these events adequately. The way our brains process knowledge, combined with the conventions of statistical modeling, lull us into believing the future will resemble the past. We must beware of, and be prepared for, the unexpected.

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    • AudioFile Magazine
      Taleb is overly reliant on heavy irony, but, happily, David Chandler's narration rescues the author's repetitive discussion of his theory of randomness and the potential impact of random events. Using his own life to examine the actual impact of unexpected and unpredictable events, Taleb recounts the story of his childhood and rise as a Wall Street financer. Chandler's delivery of sardonic lines is often tongue-in-cheek, a tone that is less grating on listeners than the smug tone of the author's words. Chandler infuses Taleb's theory of the Black Swan with an energy that propels listeners to learn more, rather than focusing on Taleb's verbosity. Even if Taleb's theory doesn't interest, Chandler's delivery manages to enhance this production. M.R. (c) AudioFile 2008, Portland, Maine

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  • English

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