1. WHAT IS A BLACK SWAN EVENT? It is clear that risk management is a highly important element in management today as it identifies and assesses risks and then applies resources to minimize (or maximize) and monitor the probability and impact of unfortunate events (or opportunities). This way‚ companies are able to cope with a lot of risky situations by predicting them and by setting aside the right resources to handle them. However not all risks and events can be predicted and these can have a
Premium Risk management Nassim Nicholas Taleb Risk
The Innovation Journal: The Public Sector Innovation Journal‚ Volume 13(3)‚ 2008‚ article 14. 1 Book Review Nassim Nicholas Taleb. The Black Swan. The Impact of the Highly Improbable. New York: Random House‚ 2007. Reviewed by James Iain Gow Université de Montréal‚ Canada This book has had quite an impact since it was published in 2007. According to Wikipedia‚ it has sold over 270‚ 000 copies in its first year‚ was on the New York Times best-seller list for 17 week and had been translated into
Premium Nassim Nicholas Taleb
How far did Witte improve and modernize the Russian economy? Before Witte came into power‚ Russia was in a state of crisis. Due to many factors (including the tsarist system‚ geography and lack of education and ingenuity) Russia was 500 years behind the western powers. Witte‚ as finance minister oversaw Russia’s transition economy from 1892 to 1903. Witte aimed for greater exports‚ ambitious industrialization‚ and large foreign loans. He hoped to modernize Russia and make it competitive with other
Premium Russian Empire Russia Saint Petersburg
In Today’s time‚ people have come to realization that advancement with the new technologies have brought tremendous change that is convenient to people. Nicholas Carr writes in his work “Is Google Making Us Stupid” the ways that these new technologies‚ particularly the internet is not only damaging this generation but it will also effect the generations to come. Carr writes about the atmosphere of a present universal debate referring to assumptions that the Internet has started to reform our world
Premium History of the Internet Paragraph World Wide Web
Rhetorical Analysis of Nicholas Carr’s “Is Google Making Us Stupid? We are at a time where technology is widespread; it has become a part of our everyday life leading to advantages and disadvantages and technology currently has become the most important topic to discuss and everyone has developed their own unique opinion. In Nicholas Carr’s article published in 2008‚ “Is Google Making Us Stupid?”‚ he argues that as technology progresses people’s mentality changes. Carr is effective in his argument
Premium Critical thinking Critical thinking Mind
person cannot help but to feel a shift in the way he or she processes information so that the passages he or she reads are given cursory attention for the sake of efficiency. There are many consequences to this type of thinking. For instance‚ as Nicholas Carr‚ the writer of “Is Google Making Us Stupid?‚” states‚ readers are more likely to put speed and practicality above forming connections within the text‚ which “may be weakening [their] capacity for the kind of deep reading that emerged when an
Premium
Black Swans or Dirty Ducks? A Retrospective Challenge the Unchallenged It’s a duty of risk managers to challenge that which rests unchallenged. Nassim Nicholas Taleb did a great service by popularizing risk concepts in his book‚ The Black Swan . However‚ it is easy to get seduced by his enthusiasm‚ carried away by his pace and miss a few flaws. Over the last six years since it was published The Black Swan has been virtually unchallenged as a standard reference book. However‚ on closer examination
Premium Risk Risk management Nassim Nicholas Taleb
now‚ the World has relied upon the global Internet as a tool and means of survival. From looking up your favorite recipe on Google to checking your beloved sports teams score on ESPN‚ the Internet has served as a lifesaver to our existence. However Nicholas Carr‚ author of the short essay “Is Google Making us Stupid?” states that while the Internet may be a “lifesaver” it also has its downfalls. Carr uses personal stories and tells of his extensive research in the area to make his readers believe in
Premium World Wide Web Internet Psychology
Obedience in Society Growing up‚ children are taught to obey authority figures such as parents and teachers. As you grow older‚ adults are expected to obey the rules and regulations of the workplace enforced by their employer; and citizens are expected to abide by the laws imposed by the government. Usually the act of obedience becomes habit‚ because people do not want to face the consequences that would be due to happen otherwise. One question however‚ what happens when an individual’s better
Premium Social psychology English-language films Religion
In his essay‚ Is Google Making Us Stupid? ‚ Nicholas Carr argues‚ that although the Internet has allowed us a vast vortex of knowledge‚ that it is not only changing the way that we consume information‚ but fundamentally rewiring our brains to change the way we think. Carr argues‚ that the pervasive use of search engines such as Google hampers our ability for the deep and concentrating reading central pertinent to critical thought. Our over reliance on such technologies‚ Carr claims‚ has taken over
Premium Internet History of the Internet Mind