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Claus A. Madsen
Technical University of Denmark
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AntiFragility:
Tough times don’t last -
tough people do!
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Tail-Events......II
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Tail-Events......III
…………….
Hint: Fragility that comes from the effect of the underlying is called 6
inherited fragility
Detection Heuristic
The main idea is that a wrong ruler will not measure the height
of a child; but it can certainly tell us if he is growing
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Fragility and Model Error – I
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Fragility and Model Error - II
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AntiFragility and Regulation
Markowitz is a Fragilista!
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Appendix A: Markowitz - II
In this case one needs the ratio of expected profit to worst-case
return – dynamically adjusted to avoid ruin