domingo, fevereiro 19, 2017

Fragilismo e skin in the game

"Simply, my collaborators and I managed to define fragility as sensitivity to disorder
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(More technically, being fragile, it necessarily has a nonlinear reaction to stressors: up until its breaking point, shocks of larger intensity affect it disproportionally more than smaller ones).
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Is fragile what has an asymmetric response to volatility and other stressors, that is, will experience more harm than benefit from it.
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the operation of time is necessarily done through skin in the game. Without skin in the game, via contact with reality, the mechanism of fragility is disrupted: things may survive for no reason for a while, then ultimately collapse causing a lot of side harm.
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Overconfidence: Fiducia pecunias amici “I lost money because of my excessive confidence”, Erasmus citing Theognis, Epicharmus"
Trechos retirados de "An Expert Called Lindy"

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