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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 ...
The concept of wild cards comes close to the black swan theory described by Nassim Nicholas Taleb in his 2007 book The Black Swan. Black swans however can be seen as events that somehow are written in destiny (or the stars) and will occur anyhow. [7] The title refers to the "black swans" that existed already for millions of years in Australia ...
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. Taleb calls this the Black Swan theory.
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 ...
The black swan (Cygnus atratus) is widely referenced in Australian culture, although the character of that importance historically diverges between the prosaic in the east and the symbolic in the west. The black swan is also of spiritual significance in the traditional histories of many Aboriginal Australian peoples
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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]
The former ballerina convicted of killing her well-heeled husband — in a sensational case that came to be known as the “Black Swan murder” — has been sentenced to 20 years in prison.
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