Tony Sampognaro

69%
Flag icon
Next there is the truly exceptional, the truly unique event.   The power failure that plunged into darkness the whole of northeastern North America from the St. Lawrence to Washington in November 1965 was, according to the first explanations, a truly exceptional situation. So was the thalidomide tragedy which led to the birth of so many deformed babies in the early sixties. The probability of these events, we were told, was one in ten million or one in a hundred million. Such concatenation of malfunctions is as unlikely ever to recur again as it is unlikely, for instance, for the chair on ...more
Tony Sampognaro
Taleb et al. Completely wrong view of risk-modelling and the ccomplexity involved.
The Effective Executive
Rate this book
Clear rating
Open Preview