The author of ‘the Black Swan’ and ‘Antifragile’ offers new insights into risk management, delegating responsibility and profiting from uncertainty.

• advanced strategies of profiting from uncertainty
• finding and assessing hidden risks
• minimizing conflicts of interest when delegating responsibility
• incorporating innovation and ‘convex tinkering’ into your business practices

Agenda

• Where to find certainty in the middle of uncertainty
• How hidden asymmetries create disbalance and make systems fragile
• A commentary to the principal-agent problem. Why each one should eat his own turtles: equality in uncertainty
• Inequality, asymmetry, and skin in the game
• Misunderstanding of extreme events and their role

• Why no individual will ever get the market return. The idea of absorbing barrier. Path dependence. How to raise one’s filter
• Entrepreneurship and innovation. How trial and error works. The idea of convex tinkering in some detail
• What is decision-making under uncertainty. What are the difficulties? What are the misunderstandings?
• The idea of Antifragility. How systems gain from disorder, what is the "cluster" of disorder and how these concepts fit together

• The Black Swan and the problem of the law of large numbers
• Nonlinearity and the minority rule. How the collective is not a sum of individuals
• What is rationality? How some crazy things make sense
• The difficulties with forecasting. Some general difficulties with extreme events and their solutions
• The logic of risk-taking