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

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

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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 ...

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...

Black Swans dramatically change the reality of those, who aren't aware that they're coming

The author calls an even a "Black Swan" if it's unpredictable not because it's random, but because our outlook on what's possible was too narrow. Imagine you’d known about the 9/11 attacks in advance. You wouldn’t have been surprised. In some cases, a Black Swan is only a tragedy for a single per...

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