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We propose a methodology to look at violence in particular, and other aspects of quantitative historiography in general, in a way compatible with statistical inference, which needs to accommodate the fat-tailedness of the data and the unreliability of the reports of conflicts. We investigate the...
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This paper presents a simple heuristic measure of tail risk, which is applied to individual bank stress tests and to public debt. Stress testing can be seen as a first order test of the level of potential negative outcomes in response to tail shocks. However, the results of stress testing can be...
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Unverblümt und respektlos geisselt Taleb die Entwicklungen, die unserer Zivilisation immanent zu sein scheinen: Verantwortungslosigkeit, Falschheit, Unterdrückung des Individuums, Sein und Schein usw. Eigentlich ist dieses Buch des New Yorker Professors der philosophisch-ethische Unterbau zum...
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