Nassim Nicholas Taleb [SEP] date of birth
Nassim Nicholas Taleb
Nassim Nicholas Taleb (; , alternatively "Nessim "or" Nissim"; born 1960) is a Lebanese–American (of Antiochian Greek descent) essayist, scholar, statistician, and former trader and risk analyst, whose work concerns problems of randomness, probability, and uncertainty. His 2007 book "The Black Swan" has been described by "The Sunday Times" as one of the twelve most influential books since World War II.
Taleb is an author and has been a professor at several universities
Taleb distribution
In economics and finance, a Taleb distribution is the statistical profile of an investment which normally provides a payoff of small positive returns, while carrying a small but significant risk of catastrophic losses. The term was coined by journalist Martin Wolf and economist John Kay to describe investments with a "high probability of a modest gain and a low probability of huge losses in any period."
The concept is named after Nassim Nicholas Taleb, based on ideas outlined in his book "Fooled by Randomness".
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