The Black Swan

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The book The Black Swan: The Impact of the HIGHLY IMPROBABLE, written by Nassim Nicholas Taleb; introduces the idea(s) of the black swan theory. The term black swan theory is a metaphor used to describe an event that comes as a surprise and has a major effect. Assumptions were all swans were white, however they are not as there was a rare discovery of black swans in Western Australia in 1697, by a Dutch explorer. Taleb, the author of this book is also the founder of the Black Swan Theory as he uses his background in philosophy and mathematics to describe randomness and uncertainty in society and everyday life.
According to the Black Swan Theory, unpredictable events are much more common than one who would think. History has demonstrated several unpredictable and/or rare events in the past, such as The Great Depression after WWII, which was an indirect effect of the stock market crash known as Black Tuesday. Other Black Swan events include, but not limited to , Hurricane
Katrina, Rita, Sandy; the 1906 San Francisco earthquakes; the Spanish flu outbreak of 1918; the 1993 World Trad...

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