Search results
Results from the WOW.Com Content Network
A black swan (Cygnus atratus) in Australia. 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 the benefit of hindsight. The term is based on a Latin expression which presumed that black swans did ...
Nicholas stresses therefore the surprising side and unpredictability of the black swan as well as their certainty (or unavoidability). Another concept that comes close to the concept of wild cards and black swans is the tipping point of Malcolm Gladwell's The Tipping Point, which actually is a special form of a wild card that realizes itself by ...
Christopher "Chris" Voss (born 28 November 1957) is an American businessman, author, and academic. Voss is a former FBI hostage negotiator, the CEO of The Black Swan Group Ltd, a company registered in East Grinstead, England, [1] and co-author of the book Never Split the Difference. [2]
It was first published in 2001. Updated editions were released a few years later. The book is the first part of Taleb's multi-volume philosophical essay on uncertainty, titled the Incerto, which also includes The Black Swan (2007–2010), The Bed of Procrustes (2010–2016), Antifragile (2012), and Skin in the Game (2018).
The stock market crashed last month on recession fears but has since soared to fresh record highs as the Federal Reserve began cutting rates and China unveiled stimulus measures.. To Mark ...
Nassim Taleb, who wrote the book The Black Swan about unpredictable events, is worried about the role of the U.S. dollar in global finance.. It stems from Western sanctions that froze Russian ...
Taleb criticized risk management methods used by the finance industry and warned about financial crises, subsequently profiting from the Black Monday (1987) and the 2007–2008 financial crisis. [6] He advocates what he calls a "black swan robust" society, meaning a society that can withstand difficult-to-predict events. [7]
A perfect storm led to Bayesian sinking, experts say. The combination of unlikely factors that could have contributed to the ship's fate constituted a "black swan event," Matthew Schanck, chairman ...