A colleague of mine posted one of these videos about an interesting theory (a book) called “The Black Swan” and I picked up on it on my Facebook friend stream. The theory of the Black Swan really captured my imagination because I am an economist by degree, I really love Chaos Theory and I have never heard anyone talking about this particular. These videos are worth your time, check them out, if you like then follow the links.
The REAL Maverick: Present Economy worse than Depression
Youtube Video description: “Interview with Nassim Nicholas Taleb, famous economist and author of “The Black Swan” and Dr. Mandelbrot, professor of Mathematics. Both say that the present economy more serious than the Great Depression, and the economy during the American Revolution.“
Nassim Nicholas Taleb – What is a “Black Swan?”
Interesting no? You can find another full lecture here on FORA.tv if you want to hear more. Logically Nassim’s Theory of the Black Swan really makes too much sense, and intuitively speaking I am pretty sure that the theory is sound.
We as humans have a tendency to dumb things down into more comprehensible terms for our own comfort because it is easier then learning or explaining something more infinitely complex. Do you really believe that economics can be dumbed down into simple linear thinking, regressions, basic logic and reason? Or should we consider that many more things in this universe exist and can effect our realities in absolutely unpredictable ways? Furthermore how does our grouping and simplifying of things truely effect the decisions that people, leaders and companies make?
Let me know your thoughts as I will be posting more on my views on this in the near future.