Understanding Antifragility: Towards practical application (2024)

[@RISKACADEMY]

Taleb has a lot of very specific and very practical math behind the concept of antifragility and it is not what is described in the video. I can see how antifragility can be applied at project portfolio level, have not given any though how to apply at individual project, maybe also possible. The examples in the video are really pulling teeth to connect to the idea of antifragility

[@Risk-Doctor]

Thanks for your comment Alex. This presentation is aimed at project/program/business leaders, and not at risk professionals. So I avoided complex maths and risk jargon, and used simple metaphors to illustrate the concept of antifragility. The new element here is the elaboration of four distinct types of antifragility, which form a hierarchy that can be used to structure the development of antifragility across an organisation, complex project or major program. This hasn't been done before. The presentation also offers specific practical steps to implement each of the four types.

[@RISKACADEMY]

@@Risk-Doctor it is a useful way to look at it, don't disagree there. Parametric weather insurance could be an example of making projects antifragile, having negatively correlated projects in the portfolio is maybe another example. I wonder what other examples are.