Nassim Taleb

Books Recommended By

Nassim Taleb

Nassim Nicholas Taleb is a Lebanese-American essayist, scholar, mathematical statistician, and former option trader and risk analyst, whose work concerns problems of randomness, probability, and uncertainty.
Recommended Books
Written Books
Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and CompaniesGet this book on Amazon

Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies

Geoffrey West

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Stewart Brand: “This spectacular book on how logarithmic scaling governs everything is packed with news—from the self-similar dynamics of cells and ecosystems to exactly why companies always die and cities don’t.

I dog-eared and marked up damn near every page.”

Marc Benioff: "Geoffrey West's Scale is filled with brilliant insights.

He illuminates the laws of nature underlying everything from tiny organisms and humans to cities and companies, and provides a quantitative framework for decoding the deep complexity of our interconnected world.

If you want to know why companies fail, how cities persist and what is needed to sustain our civilization in this era of rapid innovation, read this amazing book.”

Bill Miller: “If there were a Nobel Prize for transdisciplinary science Geoffrey West would have won it for the work covered in Scale.

This is a book of great originality and deep importance, containing startling insights about topics as seemingly unrelated as aging and death, sleep, metabolism, cities, energy use, creativity, corporations, and even the sustainability of our existence.

If you are curious about how the world really works, you must read this book.”

Nassim Taleb: “Each human should learn to read and write, to count, and for those who know how to count, scalability.

Scaling is the most important yet most hidden and rarely discussed attribute—without understanding it one cannot possibly understand the world.

This book will expand your thinking from three dimensions to four. Get two copies, just in case you lose one.”

Vinod Khosla: "The physics behind biology, cities, economics and companies.

Do they grow, scale and die by the same math equations? New insights that are enlightening and delightful."

Free The Animal: Lose Weight & Fat With The Paleo DietGet this book on Amazon

Free The Animal: Lose Weight & Fat With The Paleo Diet

Richard Nikoley

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Birth of a Theorem: A Mathematical AdventureGet this book on Amazon

Birth of a Theorem: A Mathematical Adventure

Cédric Villani

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The Mind Doesn't Work That WayGet this book on Amazon

The Mind Doesn't Work That Way

Jerry A. Fodor

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A History of the MindGet this book on Amazon

A History of the Mind

Nicholas Humphrey

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Intellectual Life in the Middle AgesGet this book on Amazon

Intellectual Life in the Middle Ages

Lesley M. Smith

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Nassim Taleb: "Excellent book"

Mapping the MindGet this book on Amazon

Mapping the Mind

Rita Carter

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Consciousness: An IntroductionGet this book on Amazon

Consciousness: An Introduction

Susan Blackmore

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The Blank Swan: The End of ProbabilityGet this book on Amazon

The Blank Swan: The End of Probability

Elie Ayache

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Thinking and DecidingGet this book on Amazon

Thinking and Deciding

Jonathan Baron

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Modern Aramaic (Assyrinan/Syriac) DictionaryGet this book on Amazon

Modern Aramaic (Assyrinan/Syriac) Dictionary

Nicholas Awde

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Bull!: A History of the Boom and Bust, 1982-2004Get this book on Amazon

Bull!: A History of the Boom and Bust, 1982-2004

Maggie Mahar

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Confessions of a PhilosopherGet this book on Amazon

Confessions of a Philosopher

Bryan Magee

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Happy Accidents: Serendipity in Modern Medical BreakthroughsGet this book on Amazon

Happy Accidents: Serendipity in Modern Medical Breakthroughs

Morton A. Meyers

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The Blank Slate: The Modern Denial of Human NatureGet this book on Amazon

The Blank Slate: The Modern Denial of Human Nature

Steven Pinker

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Statistical Consequences of Fat TailsGet this book on Amazon

Statistical Consequences of Fat Tails

Nassim Taleb

The book investigates the misapplication of conventional statistical techniques to fat tailed distributions and looks for remedies, when possible. Switching from thin tailed to fat tailed distributions requires more than “changing the color of the dress.”

Traditional asymptotics deal mainly with either n=1 or n=∞, and the real world is in between, under the “laws of the medium numbers”–which vary widely across specific distributions. Both the law of large numbers and the generalized central limit mechanisms operate in highly idiosyncratic ways outside the standard Gaussian or Levy-Stable basins of convergence.

A few examples:

  • The sample mean is rarely in line with the population mean, with effect on “naïve empiricism,” but can be sometimes be estimated via parametric methods.
  • The “empirical distribution” is rarely empirical.
  • Parameter uncertainty has compounding effects on statistical metrics.
  • Dimension reduction (principal components) fails.
  • Inequality estimators (Gini or quantile contributions) are not additive and produce wrong results.
  • Many “biases” found in psychology become entirely rational under more sophisticated probability distributions.
  • Most of the failures of financial economics, econometrics, and behavioral economics can be attributed to using the wrong distributions.

This book, the first volume of the Technical Incerto, weaves a narrative around published journal articles.

Books Recommended By

Most Recommended Investing Books

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The Most Important Thing
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The Essays of Warren Buffett
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Guns, Germs, and Steel
Becoming Steve Jobs
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Most Recommended Biographies

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The Undoing Project
Becoming Steve Jobs
Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice
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