Literature DB >> 25263809

The concept of antifragility and its implications for the practice of risk analysis.

Terje Aven1.   

Abstract

Nassim Taleb's antifragile concept has been shown considerable interest in the media and on the Internet recently. For Taleb, the antifragile concept is a blueprint for living in a black swan world (where surprising extreme events may occur), the key being to love variation and uncertainty to some degree, and thus also errors. The antonym of "fragile" is not robustness or resilience, but "please mishandle" or "please handle carelessly," using an example from Taleb when referring to sending a package full of glasses by post. In this article, we perform a detailed analysis of this concept, having a special focus on how the antifragile concept relates to common ideas and principles of risk management. The article argues that Taleb's antifragile concept adds an important contribution to the current practice of risk analysis by its focus on the dynamic aspects of risk and performance, and the necessity of some variation, uncertainties, and risk to achieve improvements and high performance at later stages.
© 2014 Society for Risk Analysis.

Entities:  

Keywords:  Antifragile; black swans; risk management

Year:  2014        PMID: 25263809     DOI: 10.1111/risa.12279

Source DB:  PubMed          Journal:  Risk Anal        ISSN: 0272-4332            Impact factor:   4.000


  1 in total

1.  Toward a Commonly Shared Public Policy Perspective for Analyzing Risk Coping Strategies.

Authors:  Yanwei Li; Araz Taeihagh; Martin de Jong; Andreas Klinke
Journal:  Risk Anal       Date:  2020-05-18       Impact factor: 4.000

  1 in total

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