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Showing posts with the label Nassim Nicholas Taleb

Fragile? An Introduction (post 1)

  Understanding the concept of fragility is more important today than ever, when so much of the infrastructure of our lives is dependent on the behaviour and interplay of complex systems. Nassim Nicholas Taleb, a ‘renowned scholar’, I prefer to think of him as a writer, conversationist, walker and most definitely not a noble prise winner, has extensively explored the concept of fragility in his works, "Antifragile: Things That Gain from Disorder" (Taleb, 2012). Fragility refers to the vulnerability of systems, entities or strategies to stress and shocks, leading to their failure or significant damage. Antifragility, on the other hand refers to things that “Gain from Disorder" (Taleb 2012) (chaos my favourite operating environment), these are systems that not only withstand shocks and stressors but actually improve and grow stronger from them. Unlike robust systems that merely resist change, antifragile systems thrive on volatility, randomness and uncertainty. They ex