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The book "Antifragile" presents several innovative ideas. One of the key concepts is that of "antifragility", which is the ability of a system to improve or grow stronger when exposed to stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. It's a property beyond resilience or robustness. The resilient resists shocks and stays the same, the antifragile gets better. Another idea is the critique of prediction and forecasting, especially in the context of major political and economic events. The author argues that these are often injurious and misleading, and that we should focus more on building antifragile systems that can withstand and benefit from unpredictability.
Asked on the following book summary:
Have you seen great ideas or apparently-solid organizations fail because of some random event or unexpected shock? Does your organization spend signif...
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We assume that more data will help us predict events—but large events, particularly major political upheavals, cannot be predicted. Prediction and forecasting are modern phenomena, and they are not neutral. In fact, forecasting can be downright injurious, as bad as bleeding people who are ill. We can predict the movement of the planets, but we cannot accurately predict revolutions, crises, or the size of budget deficits.
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