Tag: nassim taleb

The Omnipresence of Optionality

“Optionality is the property of asymmetric upside (preferably unlimited) with correspondingly limited downside (preferably tiny).”

Reading Antifragile has changed my outlook on many, many things – but the idea of optionality especially has been cropping up in unexpected places. Here, watch this highlight reel:

One thing almost all of these outstanding plays have in common? Besides outstanding athleticism and an egg-shaped ball, all of these scoring opportunities are notably opportunities gained through optionality: with the exception of the very first play, all of these tries were scored by players who not only positioned themselves to have a number of options, they also executed those options wisely.

In Taleb’s terms, they were able to create a situation with a huge opportunity for upside (gaining points) and very little exposure to a downside, since they were well-supported by multiple team mates at any given time.

When he said “Optionality can be found everywhere if you know how to look,” I wasn’t expecting to find it on the rugby pitch!