NASSIM TALEB ~ GLOSSARY ~ ANTIFRAGILE ~ 2012

PB-SIWSANS ~ Procrustean Bed – Situations In Which Simplifications Are Not Simplifications

~ L-B-H-T-FE-TMILATTOMTISTIAD ~ Lecturing-Birds-How-To-Fly Effect – To Make It Look As Though Technology Owes More To Institutional Science Than It Actually Does

~ T-TATTROOL ~ Touristification – The Attempt To Take Randomness Out Of Life

~ BS-ADS-ACOTE-OSAOE ~ Barbell Strategy – A Dual Strategy – A Combination Of Two Extremes – One Safe And One Extreme

~LF-MTW-PPOMALEFTECRW ~ Ludic Fallacy – Mistaking The Well-Posed Problems Of Mathematics And Laboratory Experiments For The Ecologically Complex Real World

~ DC(SITG)-YMOBPAOBTWCTTACB-A-HSTL-IAW-TPACIBW ~ Doxastic Commitment (Soul In The Game) – You Must Only Believe Predictions And Opinions By Those Who Committed Themselves To A Certain Belief – And – Had Something To Lose – In A Way – To Pay A Cost In Being Wrong

~GLF-MTSOIOENK=FA-LVFTO-LT-O-MTWC-‘RI’-ASM ~ Green Lumber Fallacy – Mistaking The Source Of Important Or Even Necessary Knowledge – For Another – Less Visible From The Outside – Less Tractable – One – Many Things We Call – “Relevant Knowledge” – Aren’t So Much

~ EI-FOETA(OP)-RTTR ~ Ethical Inversion – Fitting One’s Ethics To Actions (Or Profession) – Rather Than The Reverse

~ NF-ONTFA-S-O-P-TASOCODF ~ Narrative Fallacy – Our Need To Fit A – Story – Or – Pattern – To A Series Of Connected Or Disconnected Facts

~ SK-YKWIWWMCTYKAE ~ Subtractive Knowledge – You Know What Is Wrong With More Certainty Than You Know Anything Else

~ SP-PTFBRWIFFI-RTNATI ~ Subtractive Prophecy – Predicting The Future By Removing What Is Fragile From It – Rather Than Naively Adding To It

~ LE-AN-IILEWEDOIL ~ Lindy Effect – Anything Nonperishable – Increases In Life Expectancy With Every Day Of Its Life

~ N-ALOCFIOS-FTF-B-A-N-S ~ Neomania – A Love Of Change For Its Own Sake – Forecasting The Future – By – Adding – Not – Subtracting

NASSIM TALEB ~ ANTIFRAGILE ~ 2012

~ A-TTGFD ~ Antifragile – Things That Gain From Disorder

~ WEACAEAF-YWTBTFAWFTW ~ Wind Extinguishes A Candle And Energizes A Fire – You Want To Be The Fire And Wish For The Wind

~ TA-STBFS:TTAGWET-V-R-D-A-S-A-L-A-R-A-U-Y-ISOTUOTP-TINWFTEOOF ~ The Antifragile – Some Things Benefit From Shocks; They Thrive And Grow When Exposed To – Volatility – Randomness – Disorder – And – Stressors – And – Love – Adventure – Risk – And – Uncertainty – Yet – In Spit Of The Ubiquity Of The Phenomenon – There Is No Word For The Exact Opposite Of Fragile

~ AIBROR-TRRSASTS;TAGB ~ Antifragility Is Beyond Resilience Or Robustness – The Resilient Resists Shocks And Stays The Same; The Antifragile Gets Better

~ AAFADOAS ~ Antifragility And Fragility Are Degrees On A Spectrum

~ WCAADA(AF)UASTOA:ATHMUTDFRE(OCS)IA;TRIF We Can Almost Always Detect Antifragility (And Fragility) Using A Simple Test Of Asymmetry: Anything That Has More Upside Than Downside From Random Events (Or Certain Shocks) Is Antifragile; The Reverse Is Fragile

~ C-IAITPOATN(AC)STHS-DTSO-V-R-A-S-WHT-TW-W-D-O-BU-WHBF-TE-OH-PL-E-AE-MOO-M-S-W-HBHUWT-DPAC-WDPT ~ Crucially – If Antifragility Is The Property Of All Those Natural (and Complex) Systems That Have Survived – Depriving These Systems Of – Volatility – Randomness – And – Stressors – Will Harm Them – They Will – Weaken – Die – Or – Blow Up – We Have Been Fragilizing – The Economy – Our Health – Political Life – Education – Almost Everything – Much Of Our – Modern – Structured – World – Has Been Harming Us With Top-Down Policies And Contraptions – Which Do Precisely This

~ IAET-DFABAAG-EB-UTUTRAOSAD ~ If About Everything Top-Down Fragilizes And Blocks Antifragility And Growth – Everything Bottom-Up Thrives Under The Right Amount Of Stress And Disorder

~ UATEOO-TLFOS-A-GGOC-AO-‘SITG’-SBAATEOOBGTU(OG)F-V-V-A-D-A-EOTTDROLOH-ASA-A-T-C-O-F-O-O-IH ~ Upside At The Expense Of Others – The Largest Fragilizer Of Society – And – Greatest Generator Of Crises – Absence Of – “Skin In The Game” – Some Become Antifragile At The Expense Of Others By Getting The Upside (or Gains) From – Volatility – Variations – And – Disorder – And – Exposing Others To The Downside Risks Of Losses Or Harm – And Such – Antifragility-At-The-Cost-Of-Fragility-Of-Others – Is Hidden

~ IAOND ~ International Association Of Name Droppers

~ WAWTROANCO-IH-WTMPANRDA/OA-TGTSWCPTP-ANPIHHSMN-R-T-TI-TWNPE-ESMC ~ We Are Witnessing The Rise Of A New Class Of – Inverse Heroes – With Too Much Power And No Real Downside And/Or Accountability – They Game The System While Citizens Pay The Price – At No Point In History Have So Many Non-Risk-Takers – That Is – Those With No Personal Exposure – Exerted So Much Control

~ TCERI:TSNHA-FATEOTFOO ~ The Chief Ethical Rule Is The Following: Thou Shalt Not Have Anti-Fragility At The Expense Of The Fragility Of Others

~ CSAFOI-HTD-A-NR(ALMOALL) ~ Complex Systems Are Full Of – Interdependencies – Hard To Detect – And – Nonlinear Responses (A Lot More Or A Lot Less)

~ LIM-A-UME ~ Less Is More – And – Usually More Effective

~ MHREWL-A-TLCBGWAGL Modernity Has Replaced Ethics With Legalese – And – The Law Can Be Gamed With A Good Lawyer

~ IYSFADNSF-YAAF ~ If You See Fraud And Do Not Say Fraud – You Are A Fraud

~ MOTPOSCFTA-‘OPADI’ ~ Many Of The Problems Of Society Come From The Argument – “Other People Are Doing It”

~ TFWT-TAGFD-TRDCTM ~ The Fragile Wants Tranquility – The Antifragile Grows From Disorder – The Robust Doesn’t Care Too Much

~ ASGIC-WMAM-‘CE’-SIT-A-MAMS-TBIVTC ~ As Societies Gain In Complexity – With More And More – “Cutting Edge” – Sophistication In Them – And – More And More Specialization – They Become Increasingly Vulnerable To Collapse

~ HSFTRSOTCIWTULAT ~ Humans Somehow Fail To Recognize Situations Outside The Contexts In Which They Usually Learn About Them

~ LOR-AT-CRMPONS-RIABISLAWINH ~ Layers Of Redundancy – Are The – Central Risk Management Property Of Natural Systems – Redundancy Is Ambiguous Because It Seems Like A Waste If Nothing Happens

~ IINPTCC-IIHY-GO ~ It Is Not Possible To Control Criticism – If It Harms You – Get Out

~ SAI ~ Stressors Are Information

~ MOMLIPCSI ~ Much Of Modern Life Is Preventable Chronic Stress Injury

~ BYFAYSWGYI ~ Both Your Failures And Your Successes Will Give You Information

~ IIHTET-D-DP-T-R-IITF-N-TP ~ It Is Hard To Explain To – Data-Driven People – That – Risk – Is In The Future – Not – The Past

~ AOFLFMA ~ Absence Of Fire Lets Flammable Material Accumulate

~ WNTTI-SS-COC-A-SE ~ We Need To Learn To Think In – Second Steps – Chains Of Consequences – And – Side Effects

~ OOLP:NSWV ~ One Of Life’s Packages: No Stability Without Volatility

~ M-SWTSMOV-A-EWTSMOFI ~ Modernity – Starts With The States Monopoly On Violence – And – Ends With The States Monopoly On Fiscal Irresponsibility

~ AAR-ITL-S-C-A-S-ABIR-BSE ~ As A Rule – Intervening To Limit – Size – Concentration – And – Speed – Are Beneficial In Reducing – Black Swan Events

~ M-DN ~ Media-Driven Neuroticism

~ NSATOAEECIE;BSFTTIN ~ Not Seeing A Tsunami Or An Economic Event Coming Is Excusable; Building Something Fragile To Them Is Not

~ T-CBTAFU-N-GDAAOV Things – Can Be Taken Away From Us – Not – Good Deeds And Acts Of Virtue

~ TFSTACIF-DD-RT-IU-TIB-LETNBSALNAWBI ~ The First Step Toward Antifragility Consists In First – Decreasing Downside – Rather Than – Increasing Upside – That Is By – Lowering Exposure To Negative Black Swans And Letting Natural Antifragility Work By Itself

~ TOIAAOA ~ The Option Is An Agent Of Antifragility

~ FITUO ~ Freedom Is The Ultimate Option

~ O=A+R ~ Option = Asymmetry + Rationality

~ OQ ~ Organized Quacks

~ IICWTU-TCOB-WI-TPOF ~ It Is Completely Wrong To Use – The Calculus Of Benefits – Without Including – The Probability Of Failure

~ BS-E-A-NI-AARO-C-IBP-G-A-TBTC-‘E’ ~ Black Swan – Effects – Are – Necessarily Increasing – As A Result Of – Complexity – Interdependence Between Parts – Globalization – And – The Beastly Thing Called – “Efficiency”

~ TWIGLALP-A-WRMAMOTTHEAI-TAHTE-LAP ~ The World Is Getting Less And Less Predictable – And – We Rely More And More On Technologies That Have Errors And Interactions – That Are Harder To Estimate – Let Alone Predict

~ WN-WVAC-MT-WPALRBDC ~ We Notice – What Varies And Changes More Than – What Plays A Large Role But Doesn’t Change

~ WOD-I-LTPOM ~ Wealth Of Details – Ironically – Leads To Peace Of Mind

~ S-ATYL-RT-CBQA-P-A ~ Subtraction – Adds To Your Life – Removing Things – Can Be Quite A – Potent – Action

~ MT-WHDAFF-NC-O-AS ~ Modern Times – We Have Developed A Fondness For – Neomanic Complication – Over – Archaic Simplicity

~ SITG-MTLC ~ Skin In The Game – Making Talk Less Cheap

~ TIACAA-DAP-MOS-WETH-WHOSITG-WHSTR-UEYO;ICHO(WROI)-YYINL-ISF?-TINPFOMWHS ~ The Intellectual And Commentator As A – Detached And Protected – Member Of Society – Without Exposure To Harm – Without Having One’s Skin In The Game – Without Having Something To Risk – You Express Your Opinions; It Can Hurt Others (Who Rely On It) – Yet You Incur No Liability – Is This Fair? – There Is No Penalty For Opinion Makers Who Harm Society

~ NHPW-TADD-BMV-A-PALR-TIMT ~ Never Have People – Who Talk And Don’t Do – Been More Visible – And – Played A Larger Role – Than In Modern Times

~ SPFTLOTB-B-GNBFT-IYDSTTOAAAT-YCHAP-WIW-TSIC-‘I-B’-WI?-TIUAND-NDAA ~ Society Pays For The Losses Of The Bankers – But – Gets No Bonuses From Them – If You Don’t See This Transfer Of Antifragility As A Theft – You Certainly Have A Problem – What Is Worse – This System Is Called – “incentive-based” – What Incentive? – There Is Upside And No Downside – No Disincentive At All

~ AELISWSOPR ~ An Ethical Life Isn’t So When Stripped Of Personal Risk

~ R-TYFRMB ~ Reader – Thank You For Reading My Book