Tagged: fat tails

Weekend reading: The Wisdom of Crowds vs The Black Swan - A Measure of Science

Shaun Hendy • Jun 25, 2010 •

• Economics,
• fat tails,
• innovation

The Black Swan by Nicholas Taleb (Random House, 2007, 366 pages). The Wisdom of Crowds by James Surowiecki (Anchor, 2005, 336 pages). Do markets work?  Writing from perspectives that precede the recent financial crisis, Nicholas Taleb, Wall Street trader turned academic, and James Surowiecki, economics correspondent for the New Yorker, offer insights into the strengths … Read More

Angels with fat tails - A Measure of Science

Shaun Hendy • Mar 01, 2010 •

• fat tails,
• innovation,
• Pareto principle

I'm a sometime theoretical physicist, sometime mathematician, so it's good I like numbers. As a researcher in the MacDiarmid Institute I'm also interested in innovation. Over the last year I've been exploring whether I could use numbers to study innovation after a chance conversation at a Dragons' Den exercise organised by Industrial Research Ltd. We crashed and burned in the … Read More