A black swan is the event, positive or negative, that causes massive consequences.
Basically, a black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we mix an explanation that makes it appear less random, and more predictable, than it was.
In this revolutionary book, Taleb shows in a playful way that Black Swan events explain almost everything about our world, and yet we are blind to them.
Taleb believes that black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives.
Why do we not acknowledge the phenomenon of black swans until after they occur? Taleb says that humans are hardwired to learn specifics when they should be focused on generalities.
Get the book from Amazon (ad)