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Posted: 13 Jun 2011 05:44 PM PDT 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 concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas [...] Original Post: The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: “On Robustness and Fragility” Original Blog: Buy Books Online Related posts: |
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