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The Black Swan: The Impact of the Highly Improbable by Nassim
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The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb.

Would you recommend it for a student on his1st year Econ studies? Opinion on the book and its probability theory in general.
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no, taleb is a hack
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>>7711869
I read it in my 3rd year (Econ student), it's pretty much the most important book that influenced my way of thinking (among with Anti-fragile later). So yeah, I'd definitely recommend it.
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>>7711871
with him being a "hack", why is it necessarily a bad thing?

>>7711904
thanks for the feedback, actually my statistics teaching assistant recommended it, and the book really does seem intriguing. did it influence your choices in specialization?
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>>7711943

stylized facts, hubristic, cherrypicked and not rigorous

some of the baseline conclusions are ok, just treat it as pop econ, maybe an enjoyable read and might get you interested in the area

you can read this: http://edge.org/conversation/the-fourth-quadrant-a-map-of-the-limits-of-statistics by taleb and get the gist of black swan
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>>7711869
Like >>7711977 said it's basically a pop-science book about statistics. It's a fun read and I liked it - Taleb offers some valuable insights in how we think about statistics and chance. It's not really about probability theory in any technical sense though.
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