Black swan event

The central idea in the Black Swan is that: rare events cannot be estimated from empirical observation since they are rare. -Nassim Tale

Black Swan Event - what does the term black swan event mean? What did the term black swan event originate?

What does Nassim Taleb call a “Black Swan” event? Well, it's a metaphor for an event that seems impossible. This type of event is unpredictable and unexpected because our outlook on what’s possible is too narrow. Learn how to expect the #unexpected clicking/tapping on this image.

A black swan event is a high-impact event that is difficult to predict under normal circumstances but that in retrospect appears to have been inevitable. A black swan event is unexpected and therefore difficult to prepare for but is often rationalized with the benefit of hindsight as having been unavoidable.

The Black Swan Theory

Swans are animals that have had significant historical significance. They represent and symbolize inner beauty, wisdom, compassion, loyalty, pride, elegance, grace, and purity. They were previously associated with fairytales, the occult, and negativity or events

A Black Swan event in the finance world refers to an extremely negative rare event that is impossible to predict. Such events are random and have widespread ram

Elie Ayache is the only person to present arguments about The Black Swan and rare events that I had not thought about. He does what philosophical inquiry has always done: to go the extra mile and look at the world in a deeply philosophical way." Nassim Nicholas Taleb, PhD, author of The Black Swan, Distinguished Professor, New York University Polytechnic Institute & Principal, Universa Investments. "Elie Ayache has uniquely straddled the down-to-earth world of money and complex financial…