Ecosystem Antifragility: Beyond Integrity and Resilience

Total Page:16

File Type:pdf, Size:1020Kb

Ecosystem Antifragility: Beyond Integrity and Resilience A peer-reviewed version of this preprint was published in PeerJ on 11 February 2020. View the peer-reviewed version (peerj.com/articles/8533), which is the preferred citable publication unless you specifically need to cite this preprint. Equihua M, Espinosa Aldama M, Gershenson C, López-Corona O, Munguía M, Pérez-Maqueo O, Ramírez-Carrillo E. 2020. Ecosystem antifragility: beyond integrity and resilience. PeerJ 8:e8533 https://doi.org/10.7717/peerj.8533 Ecosystem antifragility: Beyond integrity and resilience Miguel Equihua Zamora 1 , Mariana Espinosa 2 , Carlos Gershenson 3, 4, 5 , Oliver López-Corona Corresp., 4, 6, 7 , Mariana Munguia 8 , Octavio Pérez-Maqueo 1 , Elvia Ramírez-Carrillo 9 1 Red ambiente y sostenibilidad, Instituto de Ecología A.C, Xalapa, Veracruz, Mexico 2 Doctorado en Ciencias Sociales y Humanidades, UAM-Cuajimalpa., cdmx, cdmx, Mexico 3 IIMAS, Universidad Nacional Autónoma de México, cdmx, Mexico 4 Centro de Ciencias de la Complejidad (C3), Universidad Nacional Autónoma de México, cdmx, cdmx, Mexico 5 ITMO University, St. Petersburg, 199034, Russian Federation, St. Petersburg, Russia 6 Cátedras CONACyT, Comisión Nacional para el Conocimiento y Uso de la Biodiversidad (CONABIO), cdmx, Mexico 7 Red ambiente y sostenibilidad, Instituto de Ecología A.C., Xalapa, Veracruz, Mexico 8 Comisión Nacional para el Conocimiento y Uso de la Biodiversidad (CONABIO), CDMX, Mexico 9 Facultad de Psicología, Universidad Nacional Autónoma de México, cdmx, Mexico Corresponding Author: Oliver López-Corona Email address: [email protected] We review the concept of ecosystem resilience in its relation to ecosystem integrity from an information theory approach. We summarize the literature on the subject identifying three main narratives: ecosystem properties that enable them to be more resilient; ecosystem response to perturbations; and complexity. We also include original ideas with theoretical and quantitative developments with application examples. The main contribution is a new way to rethink resilience, that is mathematically formal and easy to evaluate heuristically in real-world applications: ecosystem antifragility. An ecosystem is antifragile if it benefits from environmental variability. Antifragility therefore goes beyond robustness or resilience because while resilient/robust systems are merely perturbation- resistant, antifragile structures not only withstand stress but also benefit from it. PeerJ Preprints | https://doi.org/10.7287/peerj.preprints.27813v1 | CC BY 4.0 Open Access | rec: 21 Jun 2019, publ: 21 Jun 2019 1 Ecosystem Antifragility: Beyond Integrity 2 and Resilience. 2,* 8,* 3,5,6,* 1,2,3,* 3 M. Equihua , M. Espinosa , C.Gershenson , O. Lopez-Corona´ , 7,* 2,* 4,* 4 M. Mungu´ıa , O. Perez-Maqueo´ , and E. Ram´ırez-Carrillo 1 5 Catedras´ CONACyT, Comision´ Nacional para el Conocimiento y Uso de la 6 Biodiversidad (CONABIO), CDMX, Mexico´ 2 7 Red ambiente y sostenibilidad, Instituto de Ecolog´ıaA.C., Xalapa, Mexico´ 3 8 Centro de Ciencias de la Complejidad (C3), Universidad Nacional Autonoma´ de 9 Mexico,´ CDMX, Mexico´ 4 10 Facultad de Psicolog´ıa,Universidad Nacional Autonoma´ de Mexico,´ CDMX, Mexico´ 5 11 IIMAS, Universidad Nacional Autonoma´ de Mexico,´ CDMX, Mexico´ 6 12 ITMO University, St. Petersburg, 199034, Russian Federation. 7 13 Comision´ Nacional para el Conocimiento y Uso de la Biodiversidad (CONABIO), CDMX, 14 Mexico´ 8 15 Doctorado en Ciencias Sociales y Humanidades, UAM-Cuajimalpa. 16 Corresponding author: 17 Following the Hardy-Littleton rule, all authors will appear in alphabetical order. And all are ∗ 18 corresponding authors 19 Email address: [email protected]; [email protected]; [email protected]; 20 [email protected]; [email protected]; [email protected]; 21 [email protected] 22 ABSTRACT 23 We review the concept of ecosystem resilience in its relation to ecosystem integrity from an information 24 theory approach. We summarize the literature on the subject identifying three main narratives: ecosystem 25 properties that enable them to be more resilient; ecosystem response to perturbations; and complexity. 26 We also include original ideas with theoretical and quantitative developments with application examples. 27 The main contribution is a new way to rethink resilience, that is mathematically formal and easy to 28 evaluate heuristically in real-world applications: ecosystem antifragility. An ecosystem is antifragile if 29 it benefits from environmental variability. Antifragility therefore goes beyond robustness or resilience 30 because while resilient/robust systems are merely perturbation-resistant, antifragile structures not only 31 withstand stress but also benefit from it. 32 1 INTRODUCTION 33 Sustainable development needs to preserve the structure and functioning of natural ecosystems, i.e. their 34 integrity, as a Sine qua non condition. In previous work [25] an operational framework has been 35 developed to quantify ecosystem integrity as well as viable standards useful for managing the way people 36 intervene ecosystems, promoting development along sustainable avenues. 37 Humans are starting to be recognized as an overwhelming forcing factor modulating biosphere 38 dynamics. In this view, the Earth system can be interpreted as entering in a geological era that can 39 be called the Anthropocene [99] the Technocene [62] or even Capitalocene [41], depending on the 40 conceptual stance adopted. Because of this driving influence of human decisions, there has been long 41 interest in understanding and measure the way ecosystems recover (or not) from human perturbations. To 42 operationalize sustainability, we require working definitions of this ecosystem ability and metrics to asses 43 it, in addition to ecosystem integrity (as a component of a likely state variable accounting for the amount 44 of natural capital assets: condition × extension). The recovery property has already been encapsulated 45 into the ecosystem resilience concept. Here, we propose that information theory is a suitable framework 46 to encompass both ecosystem integrity and resilience. 47 According to [25], numerous studies have aimed to find a suitable and inclusive definition of ecological 48 integrity; however, no general consensus has been achieved to date. In their work, Equihua and co- 49 workers embrace a complex systems approach in which ecosystems are considered as self-organized 50 entities constrained in their structure (including biological composition or biodiversity), and function by 51 thermodynamic dissipative system properties [52, 87, 67, 72] and evolutionary processes [61]. 52 The concept of ecosystem resilience was first introduced by Holling [46] to portray the persistence of 53 natural structures in the presence of environmental stressors due to natural or anthropogenic triggers. In 54 his seminal work, Holling follows a system dynamics analysis. There, resilience concept is defined as: 55 “the capacity of a system to absorb disturbance and reorganize while undergoing a change so as to still 56 retain essentially the same function, structure, identity, and feedbacks” [109]. Nevertheless, resilience 57 or stability, which is commonly used as synonym, have at least 163 different definitions (grouped in at 58 least 70 concepts of stability/resilience) [37]. For example, Saint-Beat´ and co-workers [91] summarize 59 resilience and others related concepts often used interchangeably as follows: 60 • Resilience is the rate at which a system returns after a disturbance to the equilibrium state [20, 61 Pimm]. Long return time is equivalent to low resilience. A community’s resilience relies on the 62 least resilient species (the slowest to return to equilibrium). This definition of resilience corresponds 63 to the ‘engineering resilience’ defined by [47] And assumes that there is only one balance or a 64 stable state [38]. 65 • Persistence is the time for a variable to remain in the same state before changing to a different one 66 [Pimm]. Persistence is a measure of a system’s capacity to preserve itself over time. [63] 67 • Resistance is described as the capacity of an ecosystem in the presence of external disturbance to 68 preserve its initial state. [43]. Only small changes (in amount and intensity) within an ecosystem 69 correspond to high resistance. This concept is similar to the ‘ecological resilience’ defined by [47] 70 and Suggests that various stable states exist. 71 • Robustness relates to the durability of the stability of the environment. Robustness is then a measure 72 of the amount of disturbance an ecosystem can endure before it changes to a different state. [63].The 73 more robust the food web is, the more stable it is. 74 In this paper, we ascertain that both integrity and resilience frameworks can be formalized using 75 information theory. The second law of thermodynamics is probabilistic by its very nature, because its 76 formulation involves a probabilistic description of the state of a system [78]. It is customary in information 77 theory to relate the Shannon information of a random variable X (microscopic state of a physical system) 78 with the thermodynamic entropy of the system. This relation can be expressed as H(X) = −k∑[p(x)log p(x)], (1) x 79 where p(x) is the probability density and assuming k as the Boltzmann’s constant. Even more, once 80 the connection between entropy (thermodynamics) and Shannon information (information theory) is 81 made, we are able to calculate self-organization as the complement (1 − H(X)) of Shannon information 82
Recommended publications
  • The Unconstrained Vision of Nassim Taleb
    The Unconstrained Vision of Nassim Taleb F RYAN H. MURPHY assim Taleb has risen in the past decade to become an authority on the intersection of finance, statistics, and epistemology, popularizing insights N regarding fat tails and true uncertainty. While he has brought attention to many worthy concepts poorly understood by the public, his recent work under- scores an important tension within his thought. Though Taleb claims to champion the superiority of traditional institutions over the rationalism and expertise of social engineers, his arguments and conclusions betray a supreme confidence in his own ability to rationally evaluate which traditions are beneficial. In contrast to many thinkers who see the institutions and practices of modern civilization as outcomes of evolutionary processes, Taleb is a social engineer who endorses radical change, although those radical changes involve a return to institutions and practices of years past. Most recently, his 2012 book Antifragile: Things That Gain from Disorder follows the ideas of the earlier publication The Black Swan: The Impact of the Highly Improbable (2007), and its extensions are apparent. The Black Swan challenged readers to consider unpredictable events that fall outside the formal models of aca- demics, especially economists. A theory may always seem right—but only until it isn’t; the eponymous black swan falsified the long-standing theory that all swans are white. Similarly, theories that data told us perform well may suddenly cease describing reality, just as a financial model may cause a naive investor to lose his shirt. Ryan H. Murphy is a research associate at the O’Neil Center for Global Markets and Freedom in the Southern Methodist University Cox School of Business.
    [Show full text]
  • Principles of Antifragile Software
    Principles of Antifragile Software Martin Monperrus University of Lille & Inria, France [email protected] January 27, 2017 Abstract reliability. The notion of “antifragility” comes from the There are many software engineering concepts book by Nassim Nicholas Taleb simply entitled and techniques related to software errors. But “Antifragile” [14]. Antifragility is a property of is this enough? Have we already completely ex- systems, whether natural or artificial: a system plored the software engineering noosphere with is antifragile if it thrives and improves when fac- respect to errors and reliability? In this paper, ing errors. Taleb has a broad definition of “error”: I discuss an novel concept, called “software an- it can be volatility (e.g. for financial systems), tifragility”, that is unconventional and has the attacks and shocks (e.g. for immune systems), capacity to improve the way we engineer errors death (e.g. for human systems), etc. Yet, Taleb’s and dependability in a disruptive manner. This essay is not at all about engineering, and it re- paper first discusses the foundations of software mains to translate the power and breadth of his antifragilty, from classical fault tolerance to the vision into a set of sound engineering principles. most recent advances on automatic software re- This paper provides a first step in this direction pair and fault injection in production. This pa- and discusses the relations between traditional per then explores the relation between the an- software engineering concepts and antifragility. tifragility of the development process and the First, I relate software antifragility to classi- antifragility of the resulting software product.
    [Show full text]
  • Arxiv:1602.05670V2 [Physics.Soc-Ph] 18 Mar 2016
    Military Strategy in a Complex World Dominic K. Albino, Katriel Friedman, Yaneer Bar-Yam New England Complex Systems Institute William G. Glenney IV∗ Chief of Naval Operations Strategic Studies Group arXiv:1602.05670v2 [physics.soc-ph] 18 Mar 2016 ∗ The views expressed in this paper are those of the authors and do not necessarily reflect the position of the Department of the Navy, the U. S. Naval War College or the CNO Strategic Studies Group. 1 Abstract A strategy is a plan, method, or series of actions for obtaining a specified goal. A military strategy typically employs the threat or use of military force to advance goals in opposition to an adversary, and is called upon where large scale force is viewed as the way to achieve such goals. Strategic thinking is traditionally focused on which part or combination of land, air, and naval forces is most effective. This may be too narrow an approach to accomplishing the ultimate end, which is generally political influence or control|or preventing influence or control by others|and almost never consists of physical destruction itself. In order to broaden the discussion of military strategy, we consider here three distinct effects of inflicting stress on an opponent: a) A fragile system is damaged|possibly catastrophically, b) A robust system is largely unaffected, retaining much or all of its prior strength, c) Some systems actually gain strength, a property which has recently been termed antifragility. Traditional perspectives of military strategy implicitly assume fragility, limiting their validity and resulting in surprise, and assume a specific end state rather than an overall condition of the system as a goal.
    [Show full text]
  • A Novel Antifragility Measure Based on Satisfaction and Its Application to Random and Biological Boolean Networks
    A Novel Antifragility Measure Based on Satisfaction and Its Application to Random and Biological Boolean Networks Omar K. Pineda1,2,†, Hyobin Kim2,†, Carlos Gershenson2,3,4,* 1 Posgrado en Ciencia e Ingeniería de la Computación, Universidad Nacional Autónoma de México, 04510 CDMX, México. 2 Centro de Ciencias de la Complejidad, Universidad Nacional Autónoma de México, 04510 CDMX, México. 3 Instituto de Investigaciones en Matemáticas Aplicadas y en Sistemas, Universidad Nacional Autónoma de México, 04510 CDMX, México. 4 ITMO University, St. Petersburg, 199034, Russian Federation. † These authors contributed equally to this work. *Correspondence should be addressed to Carlos Gershenson [email protected]. Abstract Antifragility is a property that enhances the capability of a system in response to external perturbations. Although the concept has been applied in many areas, a practical measure of antifragility has not been developed yet. Here we propose a simply calculable measure of antifragility, based on the change of “satisfaction” before and after adding perturbations, and apply it to random Boolean networks (RBNs). Using the measure, we found that ordered RBNs are the most antifragile. Also, we demonstrated that seven biological systems are antifragile. Our measure and results can be used in various applications of Boolean networks (BNs) including creating antifragile engineering systems, identifying the genetic mechanism of antifragile biological systems, and developing new treatment strategies for various diseases. Introduction Antifragility suggested by Taleb is defined as a property to enhance the capability of a system in response to external stressors [1]. It is beyond resilience or robustness. While the resilient/robust systems resist stress and stay the same, antifragile systems not only withstand stress but also benefit from it.
    [Show full text]
  • Antifragility, Smart Cities, and Local Urban Governance
    Antifragility, Smart Cities, and Local Urban Governance Babovic, Filip1 ; Babovic, Vladan2; Mijic, Ana1 1. Department of Civil and Environmental Engineering, Imperial College London, London, UK 2. Department of Civil and Environmental Engineering, National University of Singapore, Singapore. Corresponding Author: [email protected] 1 Antifragility, Smart Cities and Local Urban Governance Antifragility is a system property that results in systems becoming increasingly resitant to external shocks by being exposed to them. These systems have the counter-intuitive property of benefiting from uncertain conditions. This paper presents one of the first known applications of antifragility to water infrastructure systems, and outlines the development of antifragility at the city scale through the use of a bi-modal strategy, local governance, and data collection. The data can then be shared between cities to establish what heuristics are effective in the management of water systems in order to develop increasingly robust and antifragile infrastructure. The systems architecture presented results in a management paradigm that is able to deliver reliable water systems despite highly uncertain future conditions. Keywords: Antifragility, Urban Water, Deep Uncertainty, Climate Adaptation Introduction In recent years there has been a large increase in the use of sensor networks to facilitate data collection in a shift towards the implementation of Smart Cities. The information collected through the so-called “Smart City” paradigm is extremely beneficial in informing local decision-makers. This paper postulates that the Smart City concept lends itself to cities becoming antifragile (Taleb, 2012) to climatic and weather shocks over time. By empirically grounding policy making and adaptation, it is possible for cities to become increasingly resistant to the effects of extreme weather conditions over time.
    [Show full text]
  • Antifragility in Strategic Management; Strengthening Companies Through Embracing Uncertainty
    Antifragility in strategic management; Strengthening companies through embracing uncertainty “An analysis of the application of antifragility in the field of strategic management, focusing on redundancy, optionality, and skin in the game.” Master thesis submitted to Delft University of Technology in partial fulfilment of the requirements for the degree of MASTER OF SCIENCE in Management of Technology Faculty of Technology, Policy and Management by Thomas Fredericus Disseldorp Student number: s4970594 To be defended in public on August 25 2020 Graduation committee Chairperson : Prof. dr. Cees van beers, ETI First Supervisor : Dr. ing. Victor Scholten, DCE Second Supervisor : Prof. dr. Cees van beers, ETI Page intentionally left blank 2 EXECUTIVE SUMMARY The environment that high-tech companies have to navigate is changing rapidly. To deal with these changes, managers have limited tools, of which many are based on predictive properties. However, as Black Swans and X- events illustrate, the future is inherently unpredictable. As the field of strategic management is primarily involved in dealing with the future, a new approach that does not rely on prediction could be of incredible value. Therefore, the concept of antifragility is introduced in this field as a new approach for management to decide on strategies. Antifragility is a concept that moves away from prediction. It does so by focusing on ways to deal with variation instead of merely aiming to prevent or predict it. It looks at what changes will do to an organisation and how to adapt a system so it can absorb or even benefit from this variation. Antifragility is a relatively new concept in the field of strategic management and therefore limited research has been conducted.
    [Show full text]
  • Antifragility Analysis and Measurement Framework for Systems of Systems
    Int. J. Disaster Risk Sci. 2013, 4 (4): 159–168 doi:10.1007/s13753-013-0017-7 ARTICLE Antifragility Analysis and Measurement Framework for Systems of Systems John Johnson and Adrian V. Gheorghe* Engineering Management and Systems Engineering Department, Old Dominion University, Norfolk, VA 23529, USA Abstract The twenty-first century is defined by the social system and the external environment are defined and man- and technical hazards we face. A hazardous situation is a aged by machine interface specifications. The output of condition, or event, that threatens the well-being of people, systems engineering is an engineered system. These systems organizations, societies, environments, and property. The are composed of multiple components with specific function- most extreme of the hazards are considered X-Events and are ality, assembled in a hierarchal form and grouped into mod- an exogenous source of extreme stress to a system. X-Events ules that perform functions. The systems functions are a sum can also be the unintended outputs of a system with both positive (serendipitous) and negative (catastrophic) conse- of the functions of its components and modules (Blanchard quences. Systems can vary in their ability to withstand these and Fabrycky 2006). For the class of problems and systems stress events. This ability exists on a continuum of fragility that do not conform to these assumptions, another approach is that ranges from fragile (degrading with stress), to robust required. Complex adaptive systems engineering (CASE), (unchanged by stress), to antifragile (improving with stress). complexity engineering, and system of system engineering The state of the art does not include a method for analyzing (SOSE) are names for the variation on traditional systems or measuring fragility.
    [Show full text]
  • Arxiv:1802.09159V1 [Cs.AI] 26 Feb 2018
    Antifragility for Intelligent Autonomous Systems Anusha Mujumdar, Swarup Kumar Mohalik, Ramamurthy Badrinath Ericsson Research, Bangalore anusha.pradeep.mujumdar, swarup.kumar.mohalik,[email protected] Abstract due to which there are no concrete guidelines for design- ing an antifragile system. In this paper, we address this gap Antifragile systems grow measurably better in the by formalizing the notions of fragility, robustness, resilience presence of hazards. This is in contrast to fragile and antifragility in the context of intelligent systems, in par- systems which break down in the presence of haz- ticular, for a large subclass of systems that are based upon ards, robust systems that tolerate hazards up to a knowledge-based reasoning and AI planning. We show that certain degree, and resilient systems that – like self- antifragile intelligent systems can be designed using a refine- healing systems – revert to their earlier expected ment of MAPE-K (Monitor, Analyse, Planning and Execu- behavior after a period of convalescence. The no- tion - Knowledge), the autonomic architecture suggested by tion of antifragility was introduced by Taleb for IBM [IBM, 2005]. economics systems, but its applicability has been The paper is organized as follows. We briefly review some illustrated in biological and engineering domains background work on antifragility in section 2. Section 3 lays as well. In this paper, we propose an architecture out the scope of the current study, and describes our approach that imparts antifragility to intelligent autonomous towards introducing antifragility concepts into intelligent sys- systems, specifically those that are goal-driven and tems. Section 4 details the intelligent systems model fol- based on AI-planning.
    [Show full text]
  • A Case Study of Black Swans and Antifragility
    A Case Study of Black Swans and Antifragility Andreas Karadimas, Elias Hewig, Sunil Behera, Theano Kotisi Universiteit van Amsterdam, Amsterdam, The Netherlands Abstract. We attempt to apply the model of Adaptive Cycle of Change (ACoR) to a case of a virtual team with the aim to first, provide a better understanding; and second, explore the connections between the Black Swan/ Antifragility theories of Nicolas Taleb and the ACoR. Therefore, the Black Swan theory is extended with new instances, providing a stepping of swans ranging from black, over grey to white swans. The applicability of Virtual Teams in the ACoR model is elaborated based on an own illustration, including all elements of virtual teams. The findings in this study therefore provide connections of the ACoR, Taleb’s theories and virtual teams. Keywords. Adaptive Cycle of Resilience (ACoR), Virtual Organizations, Black Swan Theory, Antifragility, Virtual Organization (VO), Virtual Team (VT). Introduction This paper attempts to describe the case of a virtual organization/ virtual team (VO/VT), through its life cycle, in detailed correspondence with the quadrants and phases of the adaptive cycle of resilience (ACoR). Furthermore, we are aiming at including in this illustration the concepts of Taleb’s ideology that support, or at times, challenge the principles of ACoR. The purpose of using linked or opposing viewpoints from various perspectives in this study is to test ACoR and attain a broader – deeper analysis. Therefore, the main questions that we seek answers to are: • How
    [Show full text]
  • The Unconstrained Vision of Nassim Taleb
    SUBSCRIBE NOW AND RECEIVE CRISIS AND LEVIATHAN* FREE! “The Independent Review does not accept “The Independent Review is pronouncements of government officials nor the excellent.” conventional wisdom at face value.” —GARY BECKER, Noble Laureate —JOHN R. MACARTHUR, Publisher, Harper’s in Economic Sciences Subscribe to The Independent Review and receive a free book of your choice* such as the 25th Anniversary Edition of Crisis and Leviathan: Critical Episodes in the Growth of American Government, by Founding Editor Robert Higgs. This quarterly journal, guided by co-editors Christopher J. Coyne, and Michael C. Munger, and Robert M. Whaples offers leading-edge insights on today’s most critical issues in economics, healthcare, education, law, history, political science, philosophy, and sociology. Thought-provoking and educational, The Independent Review is blazing the way toward informed debate! Student? Educator? Journalist? Business or civic leader? Engaged citizen? This journal is for YOU! *Order today for more FREE book options Perfect for students or anyone on the go! The Independent Review is available on mobile devices or tablets: iOS devices, Amazon Kindle Fire, or Android through Magzter. INDEPENDENT INSTITUTE, 100 SWAN WAY, OAKLAND, CA 94621 • 800-927-8733 • [email protected] PROMO CODE IRA1703 The Unconstrained Vision of Nassim Taleb F RYAN H. MURPHY assim Taleb has risen in the past decade to become an authority on the intersection of finance, statistics, and epistemology, popularizing insights N regarding fat tails and true uncertainty. While he has brought attention to many worthy concepts poorly understood by the public, his recent work under- scores an important tension within his thought.
    [Show full text]
  • That Which Does Not Kill You Makes You Stronger | 1
    That Which Does Not Kill You Makes You Stronger | 1 That Which Does Not Kill You Makes You Stronger By Knowledge@Wharton Wed, Dec 19, 2012 You must make peace with uncertainty, randomness and volatility, claims Nassim Taleb in his new book, "Antifragile." The author of "The Black Swan" calls those who insist on trying to predict the future, 'fragilistas.' We offer an abridged version of a lively book review by Knowledge@Wharton. The day before a big game, regardless of the sport, a team’s coach or star player is often asked, “How will you stop the opposing team tomorrow?” The answer typically goes something like this: “We can’t worry about the other team. We just have to play our game.” That, in a very simplified nutshell, is the essence of Nassim Nicholas Taleb’s highly polemical, always thought-provoking new book, Antifragile: Things That Gain from Disorder (Random House, 2012). Here, though, the opponent is not another team’s slugger, quarterback or point guard, but the future and change. The defining characteristic of future change, according to Taleb (who continues a line of argument developed in previous books like Fooled by Randomness and The Black Swan, is that it is impossible, and foolhardy, to try to predict it. Instead, the author argues, it is essential to make peace with uncertainty, randomness and volatility. Those who do not—who insist not only on trying to predict the future, but also on somehow trying to manage it—he disparagingly calls “fragilistas.” Antifragile is divided into seven sections that Taleb calls “books.” In a prologue, he explains that each is, in a sense, a long personal essay, “mixing autobiographical musings and parables with more philosophical and scientific investigations.” The author introduces fictional characters such as Fat Tony, who epitomizes the straight-talking “street” knowledge of the practitioner as opposed to the fragilista.
    [Show full text]
  • Application of 'Antifragility' to the Information Technology Industry
    ANTIFRAGILITYANTIFRAGILITY The need of the hour! Application of 'Antifragility' to the Information Technology Industry RATIONALITY OPTIONALITY ASYMMETRY KARTHIK JONNALAGADDA Qentelli © All Copyrights Reserved 1 "ANTIFRAGILE by Nassim Nicholas Taleb Changed my view of how the world works" Just as human muscles get stronger when subjected to stress and tension, many things in life benefit from disorder, volatility and turmoil. What Taleb has identified and calls antifragile are things that not only gain from chaos but need it in order to survive and flourish. Taleb is also the author of another best seller “Black Swan”. A Black swan (typically a rare event) is something so unexpected that there is no way someone could predict it. A White Swan is something almost certain to happen. For our understanding purposes we can consider current COVID-19 pandemic as a Black Swan but Taleb says it is actually a White Swan (as few people predicted this kind of outbreak, but probably not at the scale that we are currently seeing). The book Antifragile is the blueprint for living in a Black Swan world. Qentelli © All Copyrights Reserved 2 Probability Probability and negative impact of a single nonrecurrent swan incident versus recurrent incidents. The swan is an outlier Negative Impact Taleb's definition of a Black Swan synced perfectly with the global financial crisis of 2007-2008: "First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Second, it carries an extreme 'impact.' Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable." Black Swan effects are necessarily increasing, as a result of complexity, interdependence between parts and globalization.
    [Show full text]