Black swan theory
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The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with t
A black swan (Cygnus atratus) in Tasmania, Australia
Two white mute swans (Cygnus olor) in Italy
Nassim Nicholas Taleb
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Nassim Nicholas Taleb is a Lebanese-American New York University professor, essayist, mathematical statistician, former option trader, risk analyst, and aphorist. His work concerns problems of randomn
Black swan theory
…living in Australia. After this, the term was reinterpreted to mean an unforeseen and consequential event. The reinterpreted theory was articulated by Nassim Nicholas Taleb, starting in 2001, to explain: The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations…
Taleb in 2010