Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/16777
Title: Taleb's Notions of Antifragility and Optionality, and their Relevance for the Commission's Work
Contributor(s): Sorensen, Anthony  (author)orcid 
Publication Date: 2014
Handle Link: https://hdl.handle.net/1959.11/16777
Abstract: This thought-piece canvasses the dramatic forces at work likely to reshape rural economic and social life in coming decades and their implication for how increasingly fragile rural society must adapt quickly to changing circumstances. It focuses in particular on how the small and medium sized businesses, which are so prominent in rural areas, should manage their enterprises to survive growing uncertainty. And employing Taleb's notions of optionality, we explore the changing cultures, mindsets, and behaviours that are likely to help in both this survival task and also the seizing of many new business opportunities that will emerge in coming years. In many ways, this psychological reorientation can draw on the culture; of successful places like Silicon Valley, and especially their can-do, risk accepting, trendsetting and mutual supportive environments. The roles of governments will also change in such environments. Our discussion will terminate with a 13-point research agenda to investigate the means of shoring up rural sustainability under such taxing conditions.
Publication Type: Conference Publication
Conference Name: 21st Annual Colloquium of the International Geographical Union Commission on the Sustainability of Rural Systems, Nagoya, Japan, 29th July - 4th August, 2013
Conference Details: 21st Annual Colloquium of the International Geographical Union Commission on the Sustainability of Rural Systems, Nagoya, Japan, 29th July - 4th August, 2013
Source of Publication: Globalization and New Challenges of Agricultural and Rural Systems: Proceedings of the 21st Colloquium of the Commission on the Sustainability of Rural Systems of the International Geographical Union (IGU), p. 154-164
Publisher: IGU Commission on the Sustainability of Rural Systems and Graduate School of Environmental Studies, Nagoya University
Place of Publication: Nagoya, Japan
Field of Research (FOR): 140199 Economic Theory not elsewhere classified
160401 Economic Geography
140202 Economic Development and Growth
Peer Reviewed: Yes
HERDC Category Description: E1 Refereed Scholarly Conference Publication
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