Can we exploit the fact that life is unpredictable, chaotic, full of shocks and disasters? Trader turned scholar Nassim Nicholas Taleb has a bold idea
In your new book you talk about things being "antifragile". What do you mean exactly? When you ask people what is the opposite of fragile, they mostly answer something that is resilient or unbreakable - an unbreakable package would be robust. However, the opposite of fragile is something that actually gains from disorder. In the book, I classify things into fragile, robust or antifragile.
Can you give me some examples? Nature builds things that are antifragile. In the case of evolution, nature uses disorder to grow stronger. Occasional starvation or going to the gym also makes you stronger, because you subject your body to stressors and gain from them. Another example is the restaurant industry. It benefits from the fact that individual restaurants are fragile by exploiting their mistakes as it tries to figure out why a particular restaurant went bust. Trial and error is an antifragile activity.
The shift from work life into retirement is not fun. As you plan from your work mind state, all is possible. This is like baking a cake, it looks great when finished but the result is in the eating. With a cake you can start over.!
Identifying social influence in networks is critical to understanding how behaviors spread. We present a method for identifying influence and susceptibility in networks that avoids biases in traditional estimates of social contagion by leveraging in vivo randomized experimentation. Estimation in a representative sample of 1.3 million Facebook users showed that younger users are more susceptible than older users, men are more influential than women, women influence men more than they influence other women, and married individuals are the least susceptible to influence in the decision to adopt the product we studied. Analysis of influence and susceptibility together with network structure reveals that influential individuals are less susceptible to influence than non-influential individuals and that they cluster in the network, which suggests that influential people with influential friends help spread this product.
Identifying Influential and Susceptible Members of Social Networks Sinan Aral, Dylan Walker
devidsketchbook: “ LA ROSE DES VENTS Photographer Elene Usdin Elene started out as an illustrator for books and magazines in France, and for broadsheets such as The Boston Globe, the Washington Post,...
Whether you’re looking to start your own business, are a recent college grad looking to embark on a more traditional career path, or are un(der)-employed and looking for a fresh start, we all face the same obstacles.
We'll be streaming the video of a roundtable discussion about what crowdfunding can do for various businesses between renowned speaker Michael "Hutch" Hutchison, Joseph Barisonzi, CommunityLeader CEO, Scott Bachman, CommunityLeader CMO, Jennifer Amys,...