The Role of Experts in Causing Black Swans

Black Swan Thinking (Anti-Fragility)
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Black Swan Thinking (Anti-Fragility) > Best Practices > The Role of Experts in Causing Black Swans

The Role of Experts in Causing Black Swans
Wulf-Dieter Krueger, Teacher, Thailand, Member
Looking at events in the financial world over the past 3 years in particular that were triggered by sub-prime loans in the US, I believe that Black Swans are caused by those 'experts' creating 'instruments' and thinking out theories and publishing about them in 'experts' publications'. These make readers believe they cannot do their jobs properly, if they do not read expert drivel. Since the 1920-ies Black Swans emanated from the 'Wall Streets' in this world and their experts - how about re-introducing generalist common sense based on traditional ethics that run along the line 'well, you just don't do that, it's not good'? (...) Read more? Sign up for free

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  Via Negativa. Give Negative Advice
Jos Nieland, Netherlands, SIG Leader
  Good thought. Taleb, the author of the Black Swan concept also thinks in this way. In his new book antifragility he is introducing the idea of the via negativa. In an opaque world, we hardly know what's going on and we don't know what is a good decision and what's happiness for instance.
What we do know is what's wrong and what's unhappiness. So the only good advice is negative advice. Positive advice comes, according to Taleb, mostly from charlatans.

   
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Jos Nieland
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Black Swan Thinking (Anti-Fragility)
Summary
Forum
🔥Surviving, Predicting and Preparing for a Crisis
Taleb's Mathematical Foundation: Silent Risk
Crypto Currencies: New Era or Black Swan?
Best Practices
🥇How Fragile is your Organization?
🥈How to Prepare for Black Swan Risks?
🥉Noise to Signal Ratio in Decision-making
The Role of Statistics in Predicting Black Swans
The Role of Entrepreneurs in Antifragility at Society Level
The Role of Experts in Causing Black Swans
Causes of Black Swan Risks
Fat Tony and Dr. John ...
Nassim Taleb Biography | Taleb Profile and Background of Black Swan
Using Simple Rules of Thumb in Uncertain Circumstances
Building Robust Systems
How can Scenarios Help to Prepare for Black Swans?
How to be Antifragile?
Black Swan Theory and Business Valuation Practice
Black Swan Events in our Personal Life
Black Swan Important for Top Management
Imagining Black Swan Risks - an ERP Experience
Skin in the Game!
Why Black Swans are Unnoticed
Black Swan is like Murphy's Law
No Bonus without Malus. The Agency problem.
The Past as a Predictor of the Future


Black Swan Thinking (Anti-Fragility)
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