The Black Swan: The Impact of the Highly Improbable

The Black Swan: The Impact of the Highly Improbable

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Writing Stage
Published On
2007
Published By
ISBN
1400063515
ISBN13
9781400063512
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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 b
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About Author

Taleb has devoted his life to problems of uncertainty, probability, and knowledge. He spent two decades as a trader before becoming a philosophical essayist and academic researcher in probability theory. Although he now spends most of his time either working in intense seclusion in his study, or as a flâneur meditating in cafés across the planet, he is currently Distinguished Professor of Risk Engineering at New York University's Polytechnic Institute. His main subject matter is "decision makin...more