O'Reilly logo

Need, Speed, and Greed by Vijay V. Vaitheeswaran

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

6

Black Swan Kills Sitting Duck

Mankind is entering an age in which the danger posed by highly unlikely but devastating events can no longer be ignored. One sort of risk arises from catastrophes such as the BP oil spill in the Gulf of Mexico, the massive earthquakes in Japan and Haiti, and other recent deadly events. As society has advanced, the costs of such disasters have grown exponentially. But there is an even greater worry, as the subprime-mortgage-induced financial meltdown and Icelandic-volcano-induced global chaos demonstrate. The dramatic increase in the complexity of industrial, financial, and economic networks means that extremely rare localized crises can unexpectedly and rapidly cascade into systemic risks that expose the unknown ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required