A new book by world-renowned thinker and author of 'The Black Swan,' Nassim Nicholas Taleb, opens The Technical Incerto Collection and explores classes of statistical distributions that can trigger extreme events. If you're not comfortable with graphs and formulas, this book will only tell you about scandals and the exposure of would-be scientists. If you've studied mathematical statistics, this book will help you relearn. If you're a student or scientist, this book is an invaluable masterclass. For the first time, research articles by Taleb and his students are collected under one cover. In Taleb's inimitable style, they vividly and vividly trace the thought process of an applied mathematician confronted with a vital problem, unsure whether it can be solved analytically, where to begin, or what to tackle—but determined to deploy, if necessary, the entire arsenal of classical and modern mathematics and the full power of computers. The author and his followers generously share with the reader their early insights, intuitions, and analogies that ultimately helped them find the solution.
'The Incerto series of books is about surviving in the real world, with its structure of uncertainty that is too complex for us to understand. The series aims to combine five fields of knowledge related to fat tails and extreme events—mathematics, philosophy, social science, contract theory, and decision theory—with the experience of professionals.' (Nassim Nicholas Taleb)