THE BLACK SWAN

Nassim Nicholas Taleb

Penguin Books, N.Y., 2007, 244 pgs., index, bibliography, paperback

Reviewer comments

The author notes that the standard Gausian curve - a central concept of statistics - does not adequately account for the possibility of 'fat tails', that is events on the far left - dangerous side, He advocates caution and defense against risk by taking account of these 'black swans'

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