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Oil, electricity and Taleb's 'Black Swan': The impact of the highly improbable on energy and how to mitigate it. The most striking historical cases of sudden price rise or decline are examined in detail in order to find commonalities and differences.
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Black Swan : The Impact of the Highly Improbable, Paperback by Taleb, Nassim Nicholas, ISBN 081297381X, ISBN-13 9780812973815, Like New Used, Free shipping in the US Examines the role of the unexpected, discussing why improbable events are not anticipated or understood properly, and how humans rationalize the black swan phenomenon to make it appear less random.
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The Black Swan is a standalone book in Nassim Nicholas Taleb's landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don't understand.
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And, what is more, when the ideas of creative thinkers are convincing, they can reshape an entire topic, and change the orthodoxy for good. As a result, Taleb concludes, improbability is not a reason to act as if a possible event does not matter.
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Good Used Mass-market paperback
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