ASEBUSS EMBA Guest Speaker Session 10142011

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ASEBUSS EMBA Class Guest Speaker Slides for 14 October 2011

Text of ASEBUSS EMBA Guest Speaker Session 10142011

  • 1. Black Swans, Accounting Models, & Decision Life Cycles: Insights into the Current Economic Crisis
    Rodney G. Alsup, D.B.A., CPA, CITP
    Professor of Accounting
    ASEBUSS

2. Me
What I am:
Accountant
Observer
Consultant
Professor
Reader
Blogger
What I am not:
Economist
Financial Analysts
Futurist
Forecaster
Insider
Expert
3. Black Swan EventsNicholas Taleb, The Black Swan: The Impact of the Highly Improbable
Attributes

  • Outlier it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility

4. Impact it carries an extreme impact 5. Explanations human nature makes us concoct explanationsfor its occurrence after the fact, making it explainable & predictable