Lingo Cards (Some rights reserved)

Black Swan = Unexpected event of a large magnitude

In Texas’s Black-Swan Blackout, Everything Went Wrong at Once

Recommended Listening
The Predictability of Unpredictability – Nassim Nicholas Taleb discusses his groundbreaking ideas and their relevance to the current economic crisis and national policy making.

Elsewhere on the Web
black swans


Black swan event (in the modelling of future outcomes) a major event which is so improbable that it is not likely to be predicted.[coined by Lebanese-born statistician, Nassim Taleb, in The Black Swan (2007); from the idea that, prior to European contact with Australia, the only swans known in the rest of the world were white, and no-one envisaged the possibility of a black one]
source: macquarie dictionary

Recommended Reading

Nik Gowing, ‘Skyful of Lies’ and Black Swans (2009)

Black swan theory
Black swan


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.