Antifragile systems benefit from disorder, randomness, errors or volatility and gain from them. Short iterations with frequent feedback allow projects to benefit from mistakes and changes instead of being harmed by them. Planning too far in advance restricts optionality and ability to change course, while frequent retrospectives help teams learn and improve. Embracing challenges within reason makes individuals and systems stronger over time.
Excerpts and paraphrasing of the most interesting concepts presented in Nassim Taleb's book Antifragile. Whereas this slideshow may give something of an overview of the book, I wholeheartedly recommend reading it in its entirety.
Eric Ries, Author/Speaker/Consultant, The Lean Startup500 Startups
Presentation by Eric Ries (Author/Speaker/Consultant, The Lean Startup) at the 'Lean Startup, Lean Investor' event on November 3, 2010 (Produced by 500 Startups & Nokia/Nokia Growth Partners)
Tips from Calvin and Hobbes on how to be a good customerFreshdesk Inc.
What could a careless, mischievous six year old possibly teach you about being a good customer? Well, not much really, but he can surely tell you a lot about what you should NOT do.
Here are a few things you can learn from Calvin about being a good customer.
For more tips on customer support, head over to the Freshdesk blog - http://blog.freshdesk.com/
Maximizing Business Success Through Organizational AgilityNick Born
Agile organizations look across the multiple dimensions of organization structure, processes, talent, leadership, and culture and embed flexibility in each. Through a system of HR practices and an integrated foundation of management practices, agile organizations are able to consistently respond to environmental trends and disruptions, move closer to the speed of ideas, and seize market opportunities. These collective capabilities drive sustained organizational performance. In this study, CAHRS Research Assistants Nicholas Born, Kasey Kovack and Matt Olson discuss the results of their research on organizational and HR agility. They share specific examples as they relate to:
• Key catalysts for organizational agility
• Obstacles to agility and knowledge sharing
• HR’s role in driving the right people outcomes to support the organizational culture, human capital, and knowledge exchange opportunities that support organizational agility
• What specific talent management and HR practices drive organizational agility
• Opportunities to assess impact of organizational agility
Excerpts and paraphrasing of the most interesting concepts presented in Nassim Taleb's book Antifragile. Whereas this slideshow may give something of an overview of the book, I wholeheartedly recommend reading it in its entirety.
Eric Ries, Author/Speaker/Consultant, The Lean Startup500 Startups
Presentation by Eric Ries (Author/Speaker/Consultant, The Lean Startup) at the 'Lean Startup, Lean Investor' event on November 3, 2010 (Produced by 500 Startups & Nokia/Nokia Growth Partners)
Tips from Calvin and Hobbes on how to be a good customerFreshdesk Inc.
What could a careless, mischievous six year old possibly teach you about being a good customer? Well, not much really, but he can surely tell you a lot about what you should NOT do.
Here are a few things you can learn from Calvin about being a good customer.
For more tips on customer support, head over to the Freshdesk blog - http://blog.freshdesk.com/
Maximizing Business Success Through Organizational AgilityNick Born
Agile organizations look across the multiple dimensions of organization structure, processes, talent, leadership, and culture and embed flexibility in each. Through a system of HR practices and an integrated foundation of management practices, agile organizations are able to consistently respond to environmental trends and disruptions, move closer to the speed of ideas, and seize market opportunities. These collective capabilities drive sustained organizational performance. In this study, CAHRS Research Assistants Nicholas Born, Kasey Kovack and Matt Olson discuss the results of their research on organizational and HR agility. They share specific examples as they relate to:
• Key catalysts for organizational agility
• Obstacles to agility and knowledge sharing
• HR’s role in driving the right people outcomes to support the organizational culture, human capital, and knowledge exchange opportunities that support organizational agility
• What specific talent management and HR practices drive organizational agility
• Opportunities to assess impact of organizational agility
Team Army venture capital - 2021 Technology, Innovation & Great Power Competi...Stanford University
Technology, Innovation and Great Power Competition,TIGPC, Gordian knot Center, DIME-FIL, department of defense, dod, intlpol 340, joe felter, ms&e296, raj shah, stanford, Steve Blank, Army Venture capital
Cost of Delay: An Economic Approach to Decision MakingRoger Turnau
Cost of Delay is a lightweight approach to feature and product prioritization that asks a simple question: how much does it cost you not to have something? Reinertsen has said that Cost of Delay is the most important thing to quantify when producing a product. Great, but how do you start? How do you assign a dollar amount to something you have not built yet? How do we make sure that our teams focus on building the most important thing right now? This talk will give you the tools you need to understand Cost of Delay, as well as a set of techniques, from simple proxies to more sophisticated real-dollar analyses to help you understand the impact of delays on your organization.
What happens when the digital tools and platforms we make and use for communication and entertainment are hijacked for terrorism, violence against the vulnerable and nefarious transactions? What role do designers and developers play? Are we complicit as creators of these technologies and products? Should we police them or fight back? As Portfolio Lead for Northern Lab, Northern Trust's internal innovation startup focused on client and partner experience, Antonio will share a mix of provocative scenarios torn from today's headlines and compelling stories where activism and technology facilitated peace—and war.
As a call-to-action for designers and developers to engage in projects capable of transformational change, he'll explore the question: How might technology foster new experiences to better accelerate social activism and make the world a smarter, safer place?
The Startup Design Toolkit - a design-thinking approach to startups and produ...Alejandro Rios Peña
When PMs or entrepreneurs tackle a new product venture, they need to acquire and combine skills and tools from the Development, Business and Design fields. In this session, the following topics will be introduced:
- Is there really a formula for new product or startup success?
- What is Design-Thinking and how it is driving innovation around the world?
- Building a Toolkit: a subset of practical tools curated from the Lean Startup, Customer Development, Design-Thinking and other methods, to really help entrepreneurs to accelerate and find a scalable business model.
http://productcampsf.com/proposed-session-a-design-thinking-approach-to-pm-and-startups/
I Want My MVP (Digital Project Management Summit 2014)Anthony Armendariz
Presented by Anthony Armendariz and Danielle Moser from Funsize at the Digital Project Management Summit 2014 - Austin, Texas.
Twitter: #dpm2014, #iwantmymvp
The Minimum Viable Product (or MVP) is the first shippable version of a product containing purely core features, distributed as a test release in order to create useful feedback for the most basic features. Planning for a MVP release requires the Product Owner to know how to organize and prioritize a dense backlog of features, but in an agile environment with a diverse team and uniquely talented vendors we posit they need not do it alone.
Different lenses for knowing what MVP means to your internal and external team so you can know if you are building the right thing.
What must the MVP consist of to be meaningful to the target user? What’s the best way to phase out the release of everything else? What can be cut completely? Basic agile/lean design project management techniques. Important conflict resolution and emotional management techniques. How to sell it with a "Flexible Scope Retainer".
Full Program & Tools to Accelerate an Internal Innovation Project - by Board ...Board of Innovation
By Board of Innovation (www.boardofinnovation.com) -
Full program & tools available. A step by step approach to accelerate an internal innovation project in your company.
Y Combinator Startup Class #1 : Ideas, Products, Teams and Execution (Part 1)Fabien Grenet
Slide utilisé dans le cours n°1 de la Y Combinator Startup Class de Standford (http://startupclass.samaltman.com/) donné par Sam Altman.
Publiée sur slideshare pour pouvoir être intégrée à l'article http://startupeers.co/y-combinator-startup-class-1-how-and-why-to-start-startup
Introduction for Design thinking :
What is Design thinking?
Why to use Design thinking?
What is Design thinking mindset?
Balance for Analytical and Intuitive thinking.
Traditional thinking vs Design thinking.
Combination of Divergent and Convergent thinking.
Lean Startup - by Hristo Neychev (bring your ideas to life faster, smarter, a...Hristo Neychev
Lean Startup ideas, trends, and best practices through the lens of my experience in four industries, three startups, and two continents.
Lean Startup methodologies are applicable to both small and large organisation focused on creating new products and services under conditions of extreme uncertainty.
Part i: Introduction and Context setting around Design in Agile; Decisions and Constraints; Decisions and Trade-offs; Getting to know the domains (contexts of use, development and operations, value partners and others); Design and expressions of system value, capabilities and properties
Part ii: Why Visual Matters to Design, some exemplars we can learn from, and lessons we can draw about why we need to bring visual models back into our design toolkit (some already do, obviously, but why more of us need to)
Part iii: Architectural design -- using visual models to look inside the system, and design the organizing structure, and how it works.
Annotated slides here: https://www.ruthmalan.com/Journal/2019/201902OReillySAConPresentation.htm
Actionable Agile Metrics for Predictability - Daniel VacantiAgile Montréal
Actionable Agile Metrics for Predictability
“When will it be done?” That's the first question customers ask once work is started. Your predictability is judged by the accuracy of your answer. Think about how many times you’ve been asked that question and how many times you’ve been wrong. That you’ve been wrong more times than right is not necessarily your fault. You have been taught to collect and analyze the wrong metrics. Until now.
About Daniel Vacanti
Daniel Vacanti is a 20+ year software industry veteran who has spent most of his career focusing on Lean and Agile practices. In 2007, he helped to develop the Kanban Method for knowledge work and managed the world’s first project implementation of Kanban that year. He has been conducting Lean-Agile training, coaching, and consulting ever since. In 2011 he founded ActionableAgile (previously Corporate Kanban) which provides industry-leading predictive analytics tools and services organizations that utilize Lean-Agile practices. In 2015 he published his book, “Actionable Agile Metrics for Predictability”, which is the definitive guide to flow-based metrics and analytics. Daniel holds an M.B.A. and regularly teaches a class on lean principles for software management at the University of California Berkeley.
This session is dedicated to the possibility that we can apply the work of Nicholas Taleb, author of Antifragile, to business. Thinking this through is hard work because it requires the ability to take a difficult and abstract concept (antifragility) and apply to the hard ideas of business. If you enjoy abstract (in other words, way out of the box) thinking, please join in this panel conversation led by Ed Kless, Sage senior director of partner development and strategy.
Team Army venture capital - 2021 Technology, Innovation & Great Power Competi...Stanford University
Technology, Innovation and Great Power Competition,TIGPC, Gordian knot Center, DIME-FIL, department of defense, dod, intlpol 340, joe felter, ms&e296, raj shah, stanford, Steve Blank, Army Venture capital
Cost of Delay: An Economic Approach to Decision MakingRoger Turnau
Cost of Delay is a lightweight approach to feature and product prioritization that asks a simple question: how much does it cost you not to have something? Reinertsen has said that Cost of Delay is the most important thing to quantify when producing a product. Great, but how do you start? How do you assign a dollar amount to something you have not built yet? How do we make sure that our teams focus on building the most important thing right now? This talk will give you the tools you need to understand Cost of Delay, as well as a set of techniques, from simple proxies to more sophisticated real-dollar analyses to help you understand the impact of delays on your organization.
What happens when the digital tools and platforms we make and use for communication and entertainment are hijacked for terrorism, violence against the vulnerable and nefarious transactions? What role do designers and developers play? Are we complicit as creators of these technologies and products? Should we police them or fight back? As Portfolio Lead for Northern Lab, Northern Trust's internal innovation startup focused on client and partner experience, Antonio will share a mix of provocative scenarios torn from today's headlines and compelling stories where activism and technology facilitated peace—and war.
As a call-to-action for designers and developers to engage in projects capable of transformational change, he'll explore the question: How might technology foster new experiences to better accelerate social activism and make the world a smarter, safer place?
The Startup Design Toolkit - a design-thinking approach to startups and produ...Alejandro Rios Peña
When PMs or entrepreneurs tackle a new product venture, they need to acquire and combine skills and tools from the Development, Business and Design fields. In this session, the following topics will be introduced:
- Is there really a formula for new product or startup success?
- What is Design-Thinking and how it is driving innovation around the world?
- Building a Toolkit: a subset of practical tools curated from the Lean Startup, Customer Development, Design-Thinking and other methods, to really help entrepreneurs to accelerate and find a scalable business model.
http://productcampsf.com/proposed-session-a-design-thinking-approach-to-pm-and-startups/
I Want My MVP (Digital Project Management Summit 2014)Anthony Armendariz
Presented by Anthony Armendariz and Danielle Moser from Funsize at the Digital Project Management Summit 2014 - Austin, Texas.
Twitter: #dpm2014, #iwantmymvp
The Minimum Viable Product (or MVP) is the first shippable version of a product containing purely core features, distributed as a test release in order to create useful feedback for the most basic features. Planning for a MVP release requires the Product Owner to know how to organize and prioritize a dense backlog of features, but in an agile environment with a diverse team and uniquely talented vendors we posit they need not do it alone.
Different lenses for knowing what MVP means to your internal and external team so you can know if you are building the right thing.
What must the MVP consist of to be meaningful to the target user? What’s the best way to phase out the release of everything else? What can be cut completely? Basic agile/lean design project management techniques. Important conflict resolution and emotional management techniques. How to sell it with a "Flexible Scope Retainer".
Full Program & Tools to Accelerate an Internal Innovation Project - by Board ...Board of Innovation
By Board of Innovation (www.boardofinnovation.com) -
Full program & tools available. A step by step approach to accelerate an internal innovation project in your company.
Y Combinator Startup Class #1 : Ideas, Products, Teams and Execution (Part 1)Fabien Grenet
Slide utilisé dans le cours n°1 de la Y Combinator Startup Class de Standford (http://startupclass.samaltman.com/) donné par Sam Altman.
Publiée sur slideshare pour pouvoir être intégrée à l'article http://startupeers.co/y-combinator-startup-class-1-how-and-why-to-start-startup
Introduction for Design thinking :
What is Design thinking?
Why to use Design thinking?
What is Design thinking mindset?
Balance for Analytical and Intuitive thinking.
Traditional thinking vs Design thinking.
Combination of Divergent and Convergent thinking.
Lean Startup - by Hristo Neychev (bring your ideas to life faster, smarter, a...Hristo Neychev
Lean Startup ideas, trends, and best practices through the lens of my experience in four industries, three startups, and two continents.
Lean Startup methodologies are applicable to both small and large organisation focused on creating new products and services under conditions of extreme uncertainty.
Part i: Introduction and Context setting around Design in Agile; Decisions and Constraints; Decisions and Trade-offs; Getting to know the domains (contexts of use, development and operations, value partners and others); Design and expressions of system value, capabilities and properties
Part ii: Why Visual Matters to Design, some exemplars we can learn from, and lessons we can draw about why we need to bring visual models back into our design toolkit (some already do, obviously, but why more of us need to)
Part iii: Architectural design -- using visual models to look inside the system, and design the organizing structure, and how it works.
Annotated slides here: https://www.ruthmalan.com/Journal/2019/201902OReillySAConPresentation.htm
Actionable Agile Metrics for Predictability - Daniel VacantiAgile Montréal
Actionable Agile Metrics for Predictability
“When will it be done?” That's the first question customers ask once work is started. Your predictability is judged by the accuracy of your answer. Think about how many times you’ve been asked that question and how many times you’ve been wrong. That you’ve been wrong more times than right is not necessarily your fault. You have been taught to collect and analyze the wrong metrics. Until now.
About Daniel Vacanti
Daniel Vacanti is a 20+ year software industry veteran who has spent most of his career focusing on Lean and Agile practices. In 2007, he helped to develop the Kanban Method for knowledge work and managed the world’s first project implementation of Kanban that year. He has been conducting Lean-Agile training, coaching, and consulting ever since. In 2011 he founded ActionableAgile (previously Corporate Kanban) which provides industry-leading predictive analytics tools and services organizations that utilize Lean-Agile practices. In 2015 he published his book, “Actionable Agile Metrics for Predictability”, which is the definitive guide to flow-based metrics and analytics. Daniel holds an M.B.A. and regularly teaches a class on lean principles for software management at the University of California Berkeley.
This session is dedicated to the possibility that we can apply the work of Nicholas Taleb, author of Antifragile, to business. Thinking this through is hard work because it requires the ability to take a difficult and abstract concept (antifragility) and apply to the hard ideas of business. If you enjoy abstract (in other words, way out of the box) thinking, please join in this panel conversation led by Ed Kless, Sage senior director of partner development and strategy.
The Enchanted Loom reviews Nicholas Nassim Taleb's book, AntifragileMark Brady
There is a world beyond resilience. That world invites us to grow and develop ways of being in the world that make us ... antifragile. Nassim Nicholas Taleb lays out the path and the necessity in this provocative book.
Cognitive biases and leadership decision makingPaul Gibbons
Humans make predictable mistakes in thinking - when business leaders do it, it costs lives and livelihoods. Understanding the neuroscience and behavioral economic foundations of thinking errors means business leaders can self-correct - and avoid costly mistakes. This presentation adapted from an upcoming book called The Science of Organizational Change.
Roundup of GWC15 - Brighton Gamification MeetupJoshua Wong
My personal aggregation of pertinent points made at the Gamification World Congress 2015 as well as my first ever professional presentation/slideshare upload. Comments regarding content and presentation design are most welcomed.
My slightly modified slides for a webinar I delivered March 21, 2015 for the "Global Connectivity Research Institute" related to the question: "What are Deep Strategic Thinking" and Leadership, and how to teach them.
The video of the webinar is at https://www.youtube.com/watch?v=tKNSu3kgg8U
-- Sign up for future GCRI Webinars at http://ThinkingStrategically.net
-- Podcasts are also available for download.
The Role of Agent-Based Modelling in Extending the Concept of Bounded Rationa...Edmund Chattoe-Brown
A seminar given to the Judgement and Decision Making Research Group in the Department of Neuroscience, Psychology and Behaviour, University of Leicester kindly asked me to give a seminar on 25 January 2023 on "The Role of Agent-Based Modelling in Extending the Concept of Bounded Rationality". It discusses the challenges to different research methods of dealing with subjective accounts and models a situation where people can be rational but communicate and have incomplete information about both the number of choices and their payoff. The model is based on this paper: https://doi.org/10.1007/s11299-009-0060-7 One interesting result is that, without coercion or mass media, minority groups may be disadvantaged in their decision making by hegemonic discourse.
http://finishedexams.com/Social_Science.php
Immediate access to solutions for ENTIRE COURSES, FINAL EXAMS and HOMEWORKS “RATED A+" - Without Registration!
Startups and Smalltak - Presented at Smalltalks2014 Córdoba, Argentinasebastian sastre
Here are the slides of the talk I gave at Smalltalks2014 in November 2014, in Córdoba, Argentina.
It covers the basics of why startups matter and what they actually are. Then show some opportunities and challenges about them and for Smalltalk in particular. It closes with some questions and suggestions on how to raise the value of the community, hopefully resulting in increasing the chances to see more profitable portfolios.
Oprah Winfrey: A Leader in Media, Philanthropy, and Empowerment | CIO Women M...CIOWomenMagazine
This person is none other than Oprah Winfrey, a highly influential figure whose impact extends beyond television. This article will delve into the remarkable life and lasting legacy of Oprah. Her story serves as a reminder of the importance of perseverance, compassion, and firm determination.
Modern Database Management 12th Global Edition by Hoffer solution manual.docxssuserf63bd7
https://qidiantiku.com/solution-manual-for-modern-database-management-12th-global-edition-by-hoffer.shtml
name:Solution manual for Modern Database Management 12th Global Edition by Hoffer
Edition:12th Global Edition
author:by Hoffer
ISBN:ISBN 10: 0133544613 / ISBN 13: 9780133544619
type:solution manual
format:word/zip
All chapter include
Focusing on what leading database practitioners say are the most important aspects to database development, Modern Database Management presents sound pedagogy, and topics that are critical for the practical success of database professionals. The 12th Edition further facilitates learning with illustrations that clarify important concepts and new media resources that make some of the more challenging material more engaging. Also included are general updates and expanded material in the areas undergoing rapid change due to improved managerial practices, database design tools and methodologies, and database technology.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
The Team Member and Guest Experience - Lead and Take Care of your restaurant team. They are the people closest to and delivering Hospitality to your paying Guests!
Make the call, and we can assist you.
408-784-7371
Foodservice Consulting + Design
2. Introductory video
• It's about how hard you can get hit and keep
moving forward. How much you can take and
keep moving forward
• http://www.youtube.com/watch?v=b6w4Xtsf
yVo
3. Luc Taesch @luctaesch
• Autodidacte in IT, First commercial software when 16. Later math SUP, then IT and
25 Years PM, Architect, and BA. Mainly in market finance, since 87. Freelancing
around Europe since 95.
• Personal curiosity in psychology, zen, meditation, martial arts. Animated or Co
founded a few short therapy / personal development groups. Try and bridge this
into professional life for the last 20 years.
• Discover agile in 99, see it works, wonder why…
• Best recent explanations based on Kanheman cognitive bias, and Taleb anti-
fragility .
• Practice what you preach : Barefoot running, Paleo Eating, Freelancing for 20Y.
(see Doxastic commitment , or “soul in the game”)
• AntiFragile provided me words and concepts for what I was intuitively doing all my
life (slightly against the tide)…
• And also I can now conceptualize why the system dysfunctions, which I already
noticed a while ago… (see Narrative Fallacy ? ☺ )
4. (My perception on )
Agile, Antifragile and Cognitive bias
AntifragileAntifragile
AgileAgile
Cognitive BiasCognitive Bias
Design ThinkingDesign Thinking Lean StartupLean Startup
Product
Design
Project
execution
Go To
Market
Provides
concepts
(Theory) for
system design
Provides a ground .
Cognitive Theory
on human behavior
5. Nicholas Nassim Taleb
@nntaleb
• Is a former option trader, who became « financially independant » in 87, and
richer in 2007. He specialized in rare events (« black swan »)
• Has a independent mindset, and quite a character. Large Culture, 6 Langages.
• Has written four philosophical books on uncertainty and how the current
prevailing mindset is tainting our view on life. (and more technical Math papers).
• He influenced Kahneman (Behavioral Psychologist, Economy Nobel 2002, worked
on cognitive biases ),
– who suggested him to sneak into academy (instead of fighting from outside)
10. Antifragility can be applied to lots
of domains
• Personal Life
• Health, medecine
• Economics
• Corporate
• Technology
• Politics
• Being given 20 mn and an IT audience, We will try and play
and discover how it relates to project management , linear
and agile
12. Your body is convex hence
antifragile
• Jump 1x from 10 m , harms you badly (!)
• Jump 5x from 2 m, and you may develop
• Jump 1000 x from 1 cm, is possibly tiring at max.
• Your body has a convex response to harm ( jumping)
• If your body had a linear one, you would be dead walking to
the office.
– If you have not smiled to the last one, re-read until you do
☺. I did not clicked the first time…
13. I would be dead walking to the office if
the body had a linear response to
harm (exercise)
Small Jumps
Harm
Intensity
Walking
High Jumps
Too High Jumps
Cumulative Harm,
if Linear
Convex Assumption
Linear Assumption
I can exercise long in
that zone and no harm
I can exercise in that
zone and benefit
Every steps would
harm me a bit more
14. Personas
• Fragilista
– Hate disorder
– Seek stability by trying to stabilise the
environment
• Anti Fragilista
– Seek stability by embracing challenge
– Embraces randomness
15. Team size
• Up to a certain point , bigger team means
more productivity, then it falters…
– (typically : 7+/-2 for a team, 100-150 for a tribe)
– A : More is more
– B :Less is more
– See hormesis A B
16. Volatility in IT
• In a project :( perceived) scope, requirements, costs,
"resources", people changes , (perception of) complexity,
estimation, dependencies
• Outside the project: other projects, resource competition,
strategy, IT landscape, business changes, reorganisation,
manager changes, politics
• Outside the company: technology, market , market
conditions, M&A
17. Planning ( fallacies)
• You missed the exit on the highway
• would you be happy driving 100 km until the
next one ?
• You want … Optionality….
18. Serial optionality (the cliquet
property).
• A rigid business plan gets one locked into a preset invariant
policy, like a highway without exits —hence devoid of
optionality. One needs the ability to change opportunistically
and "reset" the option for a new option, by ratcheting up, and
getting locked up in a higher state. To translate into practical
terms, plans need to 1) stay flexible with frequent ways out,
and, counter to intuition 2) be very short term, in order to
properly capture the long term. Mathematically, five
sequential one-year options are vastly more valuable than a
single five-year option.
• This explains why matters such as strategic planning have
never born fruit in empirical reality: planning has a side effect
to restrict optionality. It also explains why top-down
centralized decisions tend to fail.
19. Short Iterations
• Antifragile tinkering, bricolage
• Trial and errors, errors bringing the « right »
kind of mistakes
» See : Rational flaneur ( vs Tourist)
20. The waterfall « cycle »
• How is this going to react to
change ?
See: the Ludic fallacies
21. The nonteleological property
• 5) Theory is born from (convex) practice more often than the
reverse (). Textbooks tend to show technology flowing from
science, when it is more often the opposite case, dubbed the
"lecturing birds on how to fly" effect. In such developments as
the industrial revolution (and more generally outside linear
domains such as physics), there is very little historical
evidence for the contribution of fundamental research
compared to that of tinkering by hobbyists. Figure 2 shows,
more technically how in a random process characterized by
"skills" and "luck", and some opacity, antifragility —the
convexity bias— can be shown to severely outperform
"skills". And convexity is missed in histories of technologies,
replaced with ex post narratives
22. Retrospectives
• What did we do well, that if we don’t discuss we
might forget?
• What did we learn?
• What should we do differently next time?
• What still puzzles us?
23. The via negativa property
• 7) Better cataloguing of negative results (the via negativa property). Optionality
works by negative information, reducing the space of what we do by knowledge of
what does not work. For that we need to pay for negative results.
Some of the critics of these ideas —over the past two decades— have been
countering that this proposal resembles buying "lottery tickets". Lottery tickets are
patently overpriced, reflecting the "long shot bias" by which agents, according to
economists, overpay for long odds. This comparison, it turns out is fallacious, as
the effect of the long shot bias is limited to artificial setups: lotteries are sterilized
randomness, constructed and sold by humans, and have a known upper bound.
This author calls such a problem the "ludic fallacy". Research has explosive
payoffs, with unknown upper bound —a "free option", literally. And we have
evidence (from the performance of banks) that in the real world, betting against
long shots does not pay, which makes research a form of reverse-banking.
24. Timeboxing
– Threat or opportunity
– Loss Aversion
– Pomodoro
– See: Hormesis
• A bit of stressor, in the right doses, stimulates the
organism and makes it better, stronger, healthier
• Bones and Karate
25. V cycle: forgetting we are human
• See naïve rationalism,
• or Soviet-Harvard delusion
40. Going further
• This is a vast and complex topic, so we created a
« study group » to share what we know, (and what
we don't ☺), and look for applications in personal
and business life.
• http://www.meetup.com/Paris-Antifragile-Meetup/
• Feel free to contact me if you would like to apply this
to impact your business environment .
Luc.taesch@gmail.com @luctaesch www.taesch.com