![]() ![]() Taleb takes this theory and applies it to economics, policy and other areas throughout the book. This theory was dispelled when in 1697, Dutch explorers encountered black swans in Western Australia. The term comes from the belief that, although presumed, black swans did not exist. Taleb’s idea of the Black Swan is an event that comes as a surprise, has a major effect and is often rationalised with the benefit of hindsight. It’s a very good film, but it’s based on psychology and ballet, while Taleb focuses on statistics and probability. ![]() It’s important to make clear that this book has nothing whatsoever to do with the film Black Swan. This has influenced my The Black Swan summary, which is the second volume in Taleb’s 5-book “ Incerto” volume on uncertainty. Reading this book has fundamentally changed the way I think and the way I look at the world. I had heard of Nassim Nicholas Taleb, before reading the book, but I wasn’t aware of how original and eye-opening his thinking was. The Black Swan is one of the most fascinating books I have read. ![]()
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