Black swan theory
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The Black Swan theory (in Nassim Nicholas Taleb 's version) refers to a large-impact, hard-to-predict, and rare event beyond the realm of normal expectations. Unlike the philosophical "black swan problem", the "Black Swan" theory (capitalized) refers only to events of large consequence and their dominant role in history.
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See also
- Butterfly effect
- Elephant in the room
- Extreme risk
- Holy grail distribution
- Kurtosis risk
- List of cognitive biases
- Miracle
- Normal accidents
- Normalcy bias
- Global catastrophic risks
- Quasi-empiricism in mathematics
- Randomness
- Taleb distribution
- The Long Tail
- Uncertainty
- Technological singularity
- Wild card (foresight)
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Books by Taleb
- Antifragile: Things That Gain from Disorder
- Fooled by Randomness
- The Black Swan
- Dynamic Hedging – Managing vanilla and Exotic options
- The Bed of Procrustes: Philosophical and Practical Aphorisms
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