The Anti-Fragile Life of the Economy
Nassim Taleb, famous for his prescient identification of rare “black swan” events that are correlated with economic catastrophes, recently proposed “anti-fragility” as a way to conceptualize the reproduction of markets and output in the face of such events. In fact, anti-fragile structures and processes are everywhere – suffusing life itself.
https://prosyn.org/T2PBoV9
PARIS – Biology and economics face similar challenges: both seek to explain survival and innovation in an unpredictable world. For example, Nassim Taleb, famous for his prescient identification of rare “black swan” events that are correlated with economic catastrophes, recently proposed the notion of “anti-fragility” as a way to conceptualize the reproduction of markets and output in the face of such events. In fact, anti-fragile structures and processes are all around us – suffusing life itself.