3 ms·
Antifragility sounds exciting, but there's really nothing there. In the context of economics, it simply means relying on competition instead of central planning
by yyyytttt 14y ago
Antifragility sounds exciting, but there's really nothing there. In the context of economics, it simply means relying on competition instead of central planning (by government or by TBTF banks). Outside of economics Taleb has no real examples of antifargility. Engineering is always about robustness, you have 0 examples of engineering systems that are "antifragile".
- diego 14y agoThe idea is that the evolution of engineering systems is antifragile because they benefit from trial and error. Computers keep getting better over time because of how the industry identifies and fixes issues. An obvious (but not the best) example would be the Macbook power connector. A given system cannot be antifragile (unless it learns on its own), but the evolution of technology can be. Contrast with economics, where (he argues) policy makers learn little or nothing after each boom-bust cycle.