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RE: Cryptoeconomics: A Brief Discussion

in #money6 years ago (edited)

The tree main examples of antifragility given by Nassim Nicholas Taleb in his books are: airlines, restaurants and the silicon valley.

The airlines are antifrigile because when a plane crash, the other planes gets better. In other words, the company learns why the plane crashed and adapt the others planes to avoid another catastrophe.

In the words of the author, here is why restaurants are antifragile:
“restaurants are fragile; they compete with each other, but the collective of local restaurants is anti-fragile for that very reason. Had restaurants been individually robust, hence immortal, the overall business would be either stagnant or weak, and would deliver nothing better than cafeteria food."

The silicon valley is antifragile because it innovates a lot and don't fear the failure. They use the failure as information about their consumer and create better products based on that. Eric Smith, Google CEO, has once said:
“We celebrate our failures,”.

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Thanks for pointing out these examples - very nicely put. Makes a lot of sense if you ask me!