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The Black Swan: The Impact of the Highly Improbable
Bestselling author Nassim Nicholas Taleb continues his exploration of randomness in his fascinating new book, The Black Swan, in which he examines the influence of highly improbable and unpredictable events that have massive impact. Engaging and enlightening, The Black Swan is a book that may change the way you think about the world, a book that Chris Anderson calls, "a delightful romp through history, economics, and the frailties of human nature." See Anderson's entire guest review below. Guest Reviewer: Chris Anderson Chris Anderson is editor-in-chief of Wired magazine and the author of The Long Tail: Why the Future of Business Is Selling Less of More. Four hundred years ago, Francis Bacon warned that our minds are wired to deceive us. "Beware the fallacies into which undisciplined thinkers most easily fall--they are the real distorting prisms of human nature." Chief among them: "Assuming more order than exists in chaotic nature." Now consider the typical stock market report: "Today investors bid shares down out of concern over Iranian oil production." Sigh. We're still doing it. Our brains are wired for narrative, not statistical uncertainty. And so we tell ourselves simple stories to explain complex thing we don't--and, most importantly, can't--know. The truth is that we have no idea why stock markets go up or down on any given day, and whatever reason we give is sure to be grossly simplified, if not flat out wrong. Nassim Nicholas Taleb first made this argument in Fooled by Randomness, an engaging look at the history and reasons for our predilection for self-deception when it comes to statistics. Now, in The Black Swan: the Impact of the Highly Improbable, he focuses on that most dismal of sciences, predicting the future. Forecasting is not just at the heart of Wall Street, but it's something each of us does every time we make an insurance payment or strap on a seat belt. The problem, Nassim explains, is that we place too much weight on the odds that past events will repeat (diligently trying to follow the path of the "millionaire next door," when unrepeatable chance is a better explanation). Instead, the really important events are rare and unpredictable. He calls them Black Swans, which is a reference to a 17th century philosophical thought experiment. In Europe all anyone had ever seen were white swans; indeed, "all swans are white" had long been used as the standard example of a scientific truth. So what was the chance of seeing a black one? Impossible to calculate, or at least they were until 1697, when explorers found Cygnus atratus in Australia. Nassim argues that most of the really big events in our world are rare and unpredictable, and thus trying to extract generalizable stories to explain them may be emotionally satisfying, but it's practically useless. September 11th is one such example, and stock market crashes are another. Or, as he puts it, "History does not crawl, it jumps." Our assumptions grow out of the bell-curve predictability of what he calls "Mediocristan," while our world is really shaped by the wild powerlaw swings of "Extremistan." In full disclosure, I'm a long admirer of Taleb's work and a few of my comments on drafts found their way into the book. I, too, look at the world through the powerlaw lens, and I too find that it reveals how many of our assumptions are wrong. But Taleb takes this to a new level with a delightful romp through history, economics, and the frailties of human nature. --Chris Anderson
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Price: $12.99
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The Principles of Uncertainty
Amazon Best of the Month, Octhober 2007: In 2005 Maira Kalman brought a fresh vision to Strunk and White's The Elements of Style, filling the pages of the reference classic with her whimsical illustrations. And much like its multi-talented creator--who has illustrated children's books and New Yorker covers and collaborated on fashion projects with Kate Spade and Isaac Mizrahi--her new book, The Principles of Uncertainty, defies easy classification. Is it philosophy? Art? Memoir? Travel? Sociology? The answer is All of the Above (and more). This charming collection of text, paintings, and photography presents a "profusely illustrated" year in a life, with illustrated musings that range from a young Nabokov "sitting innocently and elegantly in a red chair" to two stuffed rabbits in the window at Paris's Deyrolles taxidermy to Kitty Carlisle Hart at home in her "pearly pink palace." Delightful, inspiring, and often very moving, this little charmer is a a book you might find nestled on Wes Anderson's coffee table. --Brad Thomas Parsons.
Price: $15.50
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Comfortable with Uncertainty: 108 Teachings on Cultivating Fearlessness and Compassion
This book by the renowned American Buddhist nun offers short, stand-alone readings designed to help us cultivate compassion and awareness amid the challenges of daily living. Comfortable with Uncertainty does not assume prior knowledge of Buddhist thought or practice, making it a perfect introduction to Pema Chödrön's teaching on lovingkindness, meditation, mindfulness, "nowness," letting go, and working with fear and other painful emotions. More than a collection of thoughts for the day, Comfortable with Uncertainty offers a progressive program of spiritual study, leading the reader through essential concepts, themes, and practices on the Buddhist path..
Price: $3.38
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An Introduction to Error Analysis: The Study of Uncertainties in Physical Measurements
This best-selling text by John Taylor, now released in its second edition, introduces the study of uncertainties to lower division science students Assuming no prior knowledge, the author introduces error analysis through the use of familiar examples ranging from carpentry to well-known historic experiments. Pertinent worked examples, simple exercises throughout the text, and numerous chapter-ending problems combine to make the book ideal for use in physics, chemistry, and engineering lab courses. The first edition of this book has been translated into six languages..
Price: $35.60
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Uncertainty: Einstein, Heisenberg, Bohr, and the Struggle for the Soul of Science
Werner Heisenberg’s “uncertainty principle” challenged centuries of scientific understanding, placed him in direct opposition to Albert Einstein, and put Niels Bohr in the middle of one of the most heated debates in scientific history. Heisenberg’s theorem stated that there were physical limits to what we could know about sub-atomic particles; this “uncertainty” would have shocking implications. In a riveting account, David Lindley captures this critical episode and explains one of the most important scientific discoveries in history, which has since transcended the boundaries of science and influenced everything from literary theory to television..
Price: $8.44
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Freedom from Obsessive Compulsive Disorder: A Personalized Recovery Program for Living with Uncertainty
Freedom from Obsessive-Compulsive Disorder reveals Dr. Jonathan Grayson's revolutionary program to help sufferers make sense of their own compulsions through frank, unflinching self-evaluation-providing the tools, instructions, and knowledge for changing their cycles of overwhelming fear and endless rituals, as well as the courage to do it. This indispensable book includes: - Self-assessment tests that guide readers in identifying their specific type of OCD and help track their progress in treatment - Case studies from Dr. Grayson's revolutionary and profoundly successful treatment program - Blueprints for programs tailored to particular manifestations of OCD - Therapy scripts to help individuals develop their own therapeutic voice, to motivate themselves to succeed - "Trigger sheets" for identifying and planning for obstacles that arise in treatment - Information on building a support group.
Price: $3.20
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Security Metrics: Replacing Fear, Uncertainty, and Doubt
<> The Definitive Guide to Quantifying, Classifying, and Measuring Enterprise IT Security OperationsSecurity Metrics is the first comprehensive best-practice guide to defining, creating, and utilizing security metrics in the enterprise. Using sample charts, graphics, case studies, and war stories, Yankee Group Security Expert Andrew Jaquith demonstrates exactly how to establish effective metrics based on your organization’s unique requirements. You’ll discover how to quantify hard-to-measure security activities, compile and analyze all relevant data, identify strengths and weaknesses, set cost-effective priorities for improvement, and craft compelling messages for senior management. Security Metrics successfully bridges management’s quantitative viewpoint with the nuts-and-bolts approach typically taken by security professionals. It brings together expert solutions drawn from Jaquith’s extensive consulting work in the software, aerospace, and financial services industries, including new metrics presented nowhere else. You’ll learn how to: • Replace nonstop crisis response with a systematic approach to security improvement • Understand the differences between “good” and “bad” metrics • Measure coverage and control, vulnerability management, password quality, patch latency, benchmark scoring, and business-adjusted risk • Quantify the effectiveness of security acquisition, implementation, and other program activities • Organize, aggregate, and analyze your data to bring out key insights • Use visualization to understand and communicate security issues more clearly • Capture valuable data from firewalls and antivirus logs, third-party auditor reports, and other resources • Implement balanced scorecards that present compact, holistic views of organizational security effectiveness Whether you’re an engineer or consultant responsible for security and reporting to management–or an executive who needs better information for decision-making–Security Metrics is the resource you have been searching for. Andrew Jaquith, program manager for Yankee Group’s Security Solutions and Services Decision Service, advises enterprise clients on prioritizing and managing security resources. He also helps security vendors develop product, service, and go-to-market strategies for reaching enterprise customers. He co-founded @stake, Inc., a security consulting pioneer acquired by Symantec Corporation in 2004. His application security and metrics research has been featured in CIO, CSO, InformationWeek, IEEE Security and Privacy, and The Economist. Foreword
Preface
Acknowledgments
About the Author
Chapter 1 Introduction: Escaping the Hamster Wheel of Pain
Chapter 2 Defining Security Metrics
Chapter 3 Diagnosing Problems and Measuring Technical Security
Chapter 4 Measuring Program Effectiveness
Chapter 5 Analysis Techniques
Chapter 6 Visualization
Chapter 7 Automating Metrics Calculations
Chapter 8 Designing Security Scorecards
Index
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Price: $29.70
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Managing the Unexpected: Resilient Performance in an Age of Uncertainty
Since the first edition of Managing the Unexpected was published in 2001, the unexpected has become a growing part of our everyday lives. The unexpected is often dramatic, as with hurricanes or terrorist attacks. But the unexpected can also come in more subtle forms, such as a small organizational lapse that leads to a major blunder, or an unexamined assumption that costs lives in a crisis. Why are some organizations better able than others to maintain function and structure in the face of unanticipated change? Authors Karl Weick and Kathleen Sutcliffe answer this question by pointing to high reliability organizations (HROs), such as emergency rooms in hospitals, flight operations of aircraft carriers, and firefighting units, as models to follow. These organizations have developed ways of acting and styles of learning that enable them to manage the unexpected better than other organizations. Thoroughly revised and updated, the second edition of the groundbreaking book Managing the Unexpected uses HROs as a template for any institution that wants to better organize for high reliability..
Price: $13.88
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Choices, Values, and Frames
Choices, Values, and Frames presents an empirical and theoretical challenge to classical utility theory, offering prospect theory as an alternative framework. Extensions and applications to diverse economic phenomena and to studies of consumer behavior are discussed. The book also elaborates on framing effects and other demonstrations that preferences are constructed in context, and it develops new approaches to the standard view of choice-based utility. As with the classic 1982 volume, Judgment Under Uncertainty, this volume is comprised of papers published in diverse academic journals. The editors have written several new chapters and a preface to provide a context for the work..
Price: $47.00
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Energy at the Crossroads: Global Perspectives and Uncertainties
Winner in the cover category of the AIGA 50 Books/50 Covers of 2003 competition presented by the American Institute of Graphic Arts In Energy at the Crossroads, Vaclav Smil considers the twenty-first century's crucial question: how to reconcile the modern world's unceasing demand for energy with the absolute necessity to preserve the integrity of the biosphere. With this book, he offers a comprehensive, accessible guide to today's complex energy issues -- how to think clearly and logically about what is possible and what is desirable in our energy future. After a century of unprecedented production growth, technical innovation, and expanded consumption, the world faces a number of critical energy challenges arising from unequal resource distribution, changing demand patterns, and environmental limitations. The fundamental message of Energy at the Crossroads is that our dependence on fossil fuels must be reduced not because of any imminent resource shortages but because the widespread burning of oil, coal, and natural gas damages the biosphere and presents increasing economic and security problems as the world relies on more expensive supplies and Middle Eastern crude oil. Smil begins with an overview of the twentieth century's long-term trends and achievements in energy production. He then discusses energy prices, the real cost of energy, and "energy linkages" -- the effect energy issues have on the economy, on quality of life, on the environment, and in wartime. He discusses the pitfalls of forecasting, giving many examples of failed predictions and showing that unexpected events can disprove complex models. And he examines the pros and cons not only of fossil fuels but also of alternative fuels such as hydroenergy, biomass energy, wind power, and solar power. Finally, he considers the future, focusing on what really matters, what works, what is realistic, and which outcomes are most desirable..
Price: $12.34
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