The Concept of Antifragility and Its Applications

 
PIIS086904990011590-1-1
Publication type Article
Status Published
Authors
Occupation: Director, Chief Researcher
Affiliation:
Center for Macroeconomic Research in the Financial University under the Government of the Russian Federation
Central Economics and Mathematics Institute of the Russian Academy of Sciences
Address: 4,4th Veshnyakovsky ass., Moscow, 109456, Russian Federation
Journal nameObshchestvennye nauki i sovremennost
EditionIssue 6
Pages116-130
Abstract

Another monumental book by Nassim Nicholas Taleb antifragile: things that gain from disorder was published in 2014.This work has a lot of original ideas deserving the closest attention of the social scientists. It presents the general scheme of evolving systems under stress, describes the risk concentration effect, the risk transfer effect, and the hipercompensation effect. The algebra of chaos, the phenomena of asymmetry, nonlinearity and optionality play a particularly important role in the new doctrine. The formalization of Taleb’s criterion with respect to the decisions taken allows its wide practical implementation. The author has both improved Taleb’s concept and provided some criticism of its most controversial points.

KeywordsTaleb, fragility, antifragility, evolution, chaos, risk
Received15.09.2020
Publication date17.12.2015
Number of characters675
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