Nassim Nicholas Taleb, an author and investor, proposed the black swan hypothesis in 2001 and popularised it in his 2007 book The Black Swan: The Impact of the Highly Improbable.
Monday, June 20, 2022
What is a ‘black swan’ event?
A black swan is a rare, unforeseen event that has a substantial influence on society or the planet. These occurrences are considered to have three distinct characteristics: they are highly rare and outside the sphere of normal expectations; they have a significant impact after they occur; and they appear probable in hindsight when reasonable explanations emerge.
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