The Concept of Black Swan - Deepstash
The Concept of Black Swan

The Concept of Black Swan

Black Swan events are rare, have a significant impact, and are retrospectively predictable.

Taleb uses the metaphor of discovering black swans in Australia to illustrate that just because something has never been seen before, it doesn’t mean it can’t exist.

He argues that these events are beyond the realm of regular expectations and significantly shape the world. Examples include the rise of the internet and the 9/11 attacks.

The term emphasizes the limits of our learning from past experiences, as we often can’t foresee these game-changing occurrences

58

444 reads

CURATED FROM

IDEAS CURATED BY

talhamumtaz

Today's readers, tomorrow's leaders. I explain handpicked books designed to transform you into leaders, C-level executives, and business moguls.

Discover how unpredictable, game-changing events shape our world and how we can thrive amidst uncertainty in Nassim Nicholas Taleb’s “Black Swan.”

Similar ideas to The Concept of Black Swan

Overview

Black Swans are not inconsequential anomalies, but a significant phenomenon that shapes the very world we live in. Many historical events that drastically impacted our socities and lives were actually Black Swan events. These incluse the 2 world wars, the fall of the Berlin Wall, the 11 Sep 2001 ...

Three lessons:

Taleb identifies 3 key features of Black Swans:
Rarity: Black Swans are outliers that can’t be reasonably expected to happen based on past events.
• They have a profound impact on our society/world.
Retrospective predictability: Although the events are unpr...

Overview

Black swans are not inconsequential anomalies, but a significant phenomenon that shapes the very world we live in. Many historical events that drastically impacted our societies and lives were actually Black Swan events. These include the 2 world wars, the fall of the Ber...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates