Statistical Consequences of Fat Tails

Chapter 3 Only. By: Nassim Nicholas Taleb Chapter 3 – Fat Tails and Their Effects, An Introduction Spotting fat tails through negative empiricism: As we gather information, we can rule (other) distributions out. If we see a 20 sigma event,

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The Precautionary Principle

(with Application to the Genetic Modification of Organisms) By: Nassim Nicholas Taleb, Rupert Read, Raphael Douady, Joseph Norman, Yaneer Bar-Yam In: EXTREME RISK INITIATIVE, NYU SCHOOL OF ENGINEERING WORKING PAPER SERIES Date: 17 October 2014 Key Concepts: Precautionary principle: preventing

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