Generative Systems Design
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Generative Systems Design
Complex Adaptive Systems, Process Design, Adaptive Push Back, Self Organization, Emergence
Curated by Anne Caspari
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Antifragile, Flexibility, Robust, Resilience, Agility, and Fragile

Antifragile, Flexibility, Robust, Resilience, Agility, and Fragile | Generative Systems Design | Scoop.it
Thriving on chaos in an age of discontinuity --- where the past is plagued with incoherence & inconsistency, the present is plagued with chaos & ambiguity, and the future is plagued with un...
Anne Caspari's insight:

very intersting and useful synopsis. 

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Nassim Taleb's 'Antifragile' Celebrates Randomness In People, Markets

Nassim Taleb's 'Antifragile' Celebrates Randomness In People, Markets | Generative Systems Design | Scoop.it

'Antifragile' is a celebration of risk and randomness and a call to arms to recognize and embrace antifragility.

Many readers misunderstand Taleb’s core message.  They assume that because Taleb writes about unseen and improperly calculated risks, his objective must be to reduce or eliminate risk.  Nothing could be further from the truth. 

 

Antifragile is a celebration of risk and randomness and a call to arms to recognize and embrace antifragility. 

 

Rather than reduce risk, organize your life, your business or your society in such a way that it benefits from randomness and the occasional Black Swan event.

 

Taleb’s own life is a case in point.  He had the free time to write Fooled, The Black Swan and Antifragile because—in his own words—he made “F___ you money” during the greatest Black Swan event of our lifetimes, the 1987 stock market crash.  

 

...Taleb’s trading style is antifragile, had the 1987 crash never happened, Taleb would not have been materially hurt.  His trading style puts little at risk but allows for outsized returns.

 


Via Deb Nystrom, REVELN, Philippe Vallat, Anne Caspari
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Deb Nystrom, REVELN's comment, April 17, 2013 2:57 PM
Anne, your layering encourages critical nuanced views beyond the book's "shiny new term" idea. Sometimes the first thing to do is "not do," as in, don't just do something, stand there. Doe we need an "intervention?" What are the other perspectives available, thinking systemically? Re: Iatrogenics: From the "Black Swan Report: "...the argument of Chapters 21 and 22 on the convexity of iatrogenics (only treat the VERY ill): Mortality is convex to blood pressure."
Anne Caspari's comment, April 22, 2013 9:42 AM
Hi Deb, thanks :-). I also reckon there are MANY fresh perspectives on how to handle different systems (or leave them alone), may they be health, financial, socio-political, ecological.... I love it and keep smiling to myself when I see the aha - moments on applied convexity/anti/fragility pop up in daily life, business and otherwise... compliments also on your scoops...
Deb Nystrom, REVELN's comment, April 22, 2013 10:16 PM
Thanks Anne. Systems and org. groupies a bit, maybe. ;-)
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All Systems Need A Little Disorder

All Systems Need A Little Disorder | Generative Systems Design | Scoop.it

Managing complex adaptive systems (CAS) is a constant balancing act between many goals that are often in conflict with each other. Most systems need to be managed to limit resource usage i.e. they need to be efficient. The mantra of efficiency is most visible in economic systems but even other systems such as biological systems cannot typically get away with profligate wastage of resources. But efficiency is not enough. Systems also need to be robust. There is no point in achieving optimal efficiency if the first change in environmental conditions causes the system to collapse. Robustness is not just about avoiding collapse and persisting. Robustness is the ability of a system to maintain critical functionality in the face of significant stress.

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