The Fat Tail
The Power of Political Knowledge in an Uncertain World: The Power of Political Knowledge in an Uncertain World
Summary:
The book explores the concept of "fat tail" risks in geopolitics, which are low-probability, high-impact events that can disrupt global markets and political stability. It provides a framework for understanding and managing these risks, emphasizing the importance of political knowledge and analysis in navigating an increasingly uncertain world.
Key points:
1. Fat Tail Concept: Bremmer and Keat describe "fat tail" events as rare, unpredictable political incidents with high impact, more common than expected, similar to "black swan" events in finance, affecting markets and international relations.
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