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An erosion gully in Australia caused by rabbits, an unintended consequence of their introduction as game animals. In the social sciences, unintended consequences (sometimes unanticipated consequences or unforeseen consequences, more colloquially called knock-on effects) are outcomes of a purposeful action that are not intended or foreseen.
Taleb's "black swan theory" (which differs from the earlier philosophical versions of the problem) refers only to statistically unexpected events of large magnitude and consequence and their dominant role in history. Such events, considered extreme outliers, collectively play vastly larger roles than regular occurrences.
The Black Swan: The Impact of the Highly Improbable is a 2007 book by Nassim Nicholas Taleb, who is a former options trader.The book focuses on the extreme impact of rare and unpredictable outlier events—and the human tendency to find simplistic explanations for these events, retrospectively.
Whether it’s an unexpected illness, a job loss, or a pandemic, emergencies and unforeseen circumstances can make it more difficult to make regular payments on your student loans. When this ...
fault tree. A cascade effect is an inevitable and sometimes unforeseen chain of events due to an act affecting a system. [1] If there is a possibility that the cascade effect will have a negative impact on the system, it is possible to analyze the effects with a consequence / impact analysis.
Expect the unexpected in Friday’s jobs report. Alicia Wallace, CNN. October 31, 2024 at 8:47 AM. Economists are expecting the US economy added 117,500 jobs in October, far below September's total.
A tornado is an example of an extreme weather event. This tornado struck Anadarko, Oklahoma during a tornado outbreak in 1999.. Extreme weather includes unexpected, unusual, severe, or unseasonal weather; weather at the extremes of the historical distribution—the range that has been seen in the past.
The 2024 college football season ended in eventful fashion over the weekend with a set of Week 14 games that offered a number of exciting finishes, unexpected results and, yes, plenty of attempted ...