Nicholas nassim taleb biography
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At some point I realised that there was a fraud somewhere, that "six sigma" events (measures of rare events) were miscomputed and we had no basis for their computation but I could not articulate it clearly, and was getting humiliated by people who started smoking me with complicated mathematics. Taleb studied at Wharton for his MBA degree but it was during his studies there that he became fascinated by probability arguments [6]:-
...Antologia di scritti su rischio e decisione economica, Giuffrè, Milano
Derman, E. and Taleb, N.N. (2005) The Illusion of Dynamic Replication, Quantitative Finance, vol. It is only in these cases of lessened tail dependence that statistics are safe - and that is where its strength lies. His family was politically influential and held French citizenship[1†][2†]. Taleb’s early education took place at the Grand Lycee Franco-Libanais, a highly reputed French lycee located in Beirut, the capital of Lebanon[1†][2†].
The Sunday Times called his 2007 book The Black Swan one of the 12 most influential books since World War II[1†].
Taleb criticized the risk management methods used by the finance industry and warned about financial crises[1†].
Fouad Nicolas Ghosn (1911-1984) was elected MP representing Koura in 1953, 1960, 1964, 1968 and 1972. He has also written many papers and we list here some of those with a high mathematical/statistical content: (with Emanuel Derman)The illusions of dynamic replication(2005); Black swans and the domains of statistics(2007); Finiteness of variance is irrelevant in the practice of quantitative finance(2009); (with Charles S Tapiero)Risk externalities and too big to fail(2010); (with Raphael Douady)Mathematical definition, mapping, and detection of (anti)fragility(2013); (with Raphael Douady)On the super-additivity and estimation biases of quantile contributions(2015); (with Donald Geman and Hélyette Geman)Tail risk constraints and maximum entropy(2015); (with Pasquale Cirillo)On the statistical properties and tail risk of violent conflicts(2016); (with Pasquale Cirillo)Expected shortfall estimation for apparently infinite-mean models of operational risk(2016); Election predictions as martingales: an arbitrage approach (2018); and (with Andrea Fontanari and Pasquale Cirillo)Gini estimation under infinite variance(2018).
It has an average rating of 3.90 on Goodreads[7†].
“Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications”: This is a freely available technical book in applied probability theory[7†][4†]. Nassim Nicholas Taleb
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While it is important to remember, as Taleb shows in his charming and colourful book, that randomness can fool us, ignoring the most obvious inference from the available evidence can lead to errors as well. He's the one who says that the sage should let the republic destroy itself. New York: John Wiley & Sons. But using this method, I produced close to a six-hundred-page-long discussion of managing nonlinear effects, with graphs and tables.
It was translated into 23 languages. It was effortless. I clambered up to my attic where, during 6 entire months, I spent 14 hours a day, 7 days a week, immersed in probability theory, numerical analysis, and mathematical statistics (at a Ph.D. The bulk of them before the crisis. Throughout this time he continued working as a derivatives trader but, after spending 21 years doing this and, after closing 650,000 option transactions and examining 200,000 risk reports, Taleb changed his career in 2006 to become a scholar, mathematical researcher and philosophical essayist.
His book, “The Black Swan: The Impact of the Highly Improbable,” is a creative attack on how people in general, and economic experts in particular, view the possibility of catastrophic events[10†][12†][13†].