Live from RIMS 2010 – Black Swan Keynote
John Kelly 270004J7VQ email@example.com | | 0 Comments | 195 Visits
The RIMS conference hits full stride today with luncheon keynote speaker Nicholas Nassim Taleb – author of ‘The Black Swan: The Impact of the Highly Improbable.’ Taleb’s book, which was the #1 highest selling nonfiction book published in 2007 on Amazon, is based on the notion that low frequency (rare) events such as a ‘black swan’ are unknowable or highly improbable, yet often have the highest impact. With a second edition due out in May, Taleb takes on a unique perspective on risk management and life in general. He recently Tweeted: “Social media are antisocial, health foods are empirically unhealthy, knowledge workers are ignorant, & social sciences aren’t scientific.” On his home page, he describes his philosophy as:
“I am interested in a systematic program of how to live in a world we don’t understand very well –in other words, while most human thought (particularly since the enlightenment) has focused us on how to turn knowledge into decisions, I focus on how to turn lack of information, lack of understanding, and lack of “knowledge” into decisions –how not to be a “turkey”. My last book The Black Swan (and the 4th Quadrant papers) drew a map of what we don’t understand (the ONLY attempt in the history of thought to set a clear and systematic limit to what we don’t know); my current work focuses on how to domesticate the unknown “what to do in a world we don’t understand.”
His keynote is a can’t miss event for risk managers (or anyone in need of some soul searching!).
Tags: RIMS 2010