{"id":664,"date":"2013-02-07T11:13:31","date_gmt":"2013-02-07T11:13:31","guid":{"rendered":"http:\/\/rulesofreason.wordpress.com\/?p=664"},"modified":"2013-02-07T11:13:31","modified_gmt":"2013-02-07T11:13:31","slug":"antifragility-goes-to-davos","status":"publish","type":"post","link":"http:\/\/re-design.dimiter.eu\/?p=664","title":{"rendered":"Antifragility goes to Davos"},"content":{"rendered":"

A sample of statements made at the 2013 meeting of the world leaders in\u00a0Davos<\/strong>\u00a0(as reported by\u00a0Felix Salmon<\/a>):<\/em><\/p>\n

\u201c[We have] removed the tail risk<\/strong> from the euro\u201d Mario Draghi (European Central Bank)
\n<\/em>‘There is no tail risk<\/strong> anymore’ Oli Rehn (European Commission)
\n<\/em>\u201cIn Europe, the tail risk has been moved<\/strong> off the table\u201d Zhu Min (IMF)
\n……..
\n……..<\/p>\n

<\/em>“[R]andomness in the Black Swan domain [fat tails<\/em>] is intractable<\/strong>…The limit is mathematical, period, and there is no way around it on this planet. What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable…”\u00a0(Nassim Taleb, Antigragility, p. 138<\/em>)<\/p>\n

“While in the past people of rank or status were those and only those who took risks, who had the downside for their actions, and heroes were those who did so for the sake of others, today the exact reverse is taking place. We are witnessing the rise of a new class of inverse heroes<\/strong>, that is, bureaucrats, bankers, Davos-attending members of the I.A.N.D. (International Association of Name Droppers), and academics with too much power and no real downside and\/or accountability” (Nassim Taleb, Antigragility, p. 6<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"

A sample of statements made at the 2013 meeting of the world leaders in\u00a0Davos\u00a0(as reported by\u00a0Felix Salmon): \u201c[We have] removed the tail risk from the euro\u201d Mario Draghi (European Central Bank) ‘There is no tail risk anymore’ Oli Rehn (European Commission) \u201cIn Europe, the tail risk has been moved off the table\u201d Zhu Min (IMF) …….. …….. “[R]andomness in the Black Swan domain [fat tails] is intractable…The limit is mathematical, period, and there is no way around it on this planet. What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable…”\u00a0(Nassim Taleb, Antigragility, p. 138) “While in the past people of rank or status were those and only those who took risks, who had the downside for their actions, and heroes were those who did so for the sake of others, today the exact reverse is taking place. We are witnessing the rise of a new class of inverse heroes, that is, bureaucrats, bankers, Davos-attending members of the I.A.N.D. (International Association of Name Droppers), and academics with too much power and no real downside and\/or accountability” (Nassim Taleb, Antigragility, p. 6)<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[14],"tags":[75,166,264,570,631,632],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7g3hj-aI","jetpack-related-posts":[{"id":483,"url":"http:\/\/re-design.dimiter.eu\/?p=483","url_meta":{"origin":664,"position":0},"title":"Diesel, cancer and how (not) to report about risk","date":"June 13, 2012","format":false,"excerpt":"The BBC reports that diesel exhausts have been declared as causing cancer. That could very well be, but the way the results\u00a0are reported leaves a lot to be desired. First, look at this bit: Dr Kurt Straif, also from IARC, said: \"For most of the carcinogens when there is high\u2026","rel":"","context":"In "Environmental policy"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":711,"url":"http:\/\/re-design.dimiter.eu\/?p=711","url_meta":{"origin":664,"position":1},"title":"Interest groups and the making of legislation","date":"March 6, 2013","format":false,"excerpt":"How are the activities of interest groups related to the making of legislation? Does mobilization of interest groups lead to more legislation in the future? Alternatively, does the adoption of new policies motivate interest groups to get active? Together with Dave Lowery, Brendan Carroll and Joost Berkhout, we tackle these\u2026","rel":"","context":"In "EU governance"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":439,"url":"http:\/\/re-design.dimiter.eu\/?p=439","url_meta":{"origin":664,"position":2},"title":"New tool for discourse network analysis","date":"April 11, 2012","format":false,"excerpt":"EJPR has just published an article introducing a new tool for 'discourse network analysis'. Using the tool, you can measure and visualize political discourses and the networks of actors affiliated to each discourse. One can study the actor congruence networks (based on the number of statements actors share), concept congruence\u2026","rel":"","context":"In "Data visualization"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/re-design.dimiter.eu\/wp-content\/uploads\/2012\/04\/discourse-network.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616,"url":"http:\/\/re-design.dimiter.eu\/?p=616","url_meta":{"origin":664,"position":3},"title":"The most successful party family in Europe?!","date":"December 5, 2012","format":false,"excerpt":"\"The populist radical right constitutes the most successful party family in postwar Western Europe.\" (Cas Mudde, Stein Rokkan Lecture published in the latest issue of the European Journal of Political Research) I hope this is a typo or some other type of unintentional misunderstanding. How can the populist radical right\u2026","rel":"","context":"In "Voting and elections"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":837,"url":"http:\/\/re-design.dimiter.eu\/?p=837","url_meta":{"origin":664,"position":4},"title":"Immigration from Central and Eastern Europe fuels support for Eurosceptic parties in the UK","date":"May 4, 2015","format":false,"excerpt":"Combining political, demographic and economic data for the local level in the UK, we find that the presence of immigrants from Central and Eastern Europe (CEE) is related to higher voting shares cast for parties with Eurosceptic positions at the 2014 elections for the European Parliament. Evidence across Europe supports\u2026","rel":"","context":"In "EU governance"","img":{"alt_text":"Data source: Standard Eurobarometer (59 to 82).","src":"http:\/\/eurosearch.files.wordpress.com\/2015\/05\/figure-1-importance-of-immigration.png?w=350&h=200&crop=1","width":350,"height":200},"classes":[]},{"id":57,"url":"http:\/\/re-design.dimiter.eu\/?p=57","url_meta":{"origin":664,"position":5},"title":"Inspiring scientific concepts","date":"October 16, 2011","format":false,"excerpt":"EDGE asks 159 selected intellectuals What scientific concept would improve everybody's cognitive toolkit? You are welcome to read the individual contributions which range from a paragraph to a short essay here. Many of the entries are truly inspiring but I see little synergy of bringing 159 of them together. Like\u2026","rel":"","context":"In "Causality"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/2kotK9FNEYU\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=\/wp\/v2\/posts\/664"}],"collection":[{"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=664"}],"version-history":[{"count":0,"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=\/wp\/v2\/posts\/664\/revisions"}],"wp:attachment":[{"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=664"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/re-design.dimiter.eu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}