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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 Roman satirist Juvenal wrote in AD 82 of rara avis in terris nigroque simillima cygno ("a rare bird in the lands, and very like a black swan"). [6] He meant something whose rarity would compare with that of a black swan, or in other words, as a black swan was not thought to exist, neither did the supposed characteristics of the "rare bird" with which it was being compared.
Normalcy bias, a form of cognitive dissonance, is the refusal to plan for, or react to, a disaster which has never happened before. Effort justification is a person's tendency to attribute greater value to an outcome if they had to put effort into achieving it. This can result in more value being applied to an outcome than it actually has.
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
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: 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.
The sharp surge of N-word usage on X likely didn't make the platform feel any safer to Black users, either. What remains true, though: Black Twitter has forged an unbreakable community.
This word refers to a large, dark-brown animal that lives in (or around) African rivers. They are renowned for their barrel-shaped bodies, enormous heads and short legs.
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