WhyCzar
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The term Black Swan refers to an unpredictable event that reshapes societies.
In fact, the term was coined after the discovery of black swans in Perth, by Dutch explorer Willem de Vlamingh in 1697.
A Black Swan event was the term that Nassim Taleb coined for events that came as a complete surprise (Taleb, 2010).
Before Willem de Vlamingh encountered a bevy of black swans in Australia in 1697 all known swans were white.
That was all swans known in the northern hemisphere of the world.
This was about 200 years before Darwin (1859) published his “Origin of Species”.
At that time the current belief was that the world has been created perfectly and therefore unchanging.
Australia just did not exist.
For people in the Northern Hemisphere world, the idea of a black swan just had never occurred to them.
Encountering a black swan was the pure Black Swan event.
Black swan events now comprise events that are a surprise for some but not for others, events that have a low likelihood, events that were not believed to be possible but still proved to be possible, events that were dismissed as being too improbable to worry about but happened anyway.
In fact, the term was coined after the discovery of black swans in Perth, by Dutch explorer Willem de Vlamingh in 1697.
A Black Swan event was the term that Nassim Taleb coined for events that came as a complete surprise (Taleb, 2010).
Before Willem de Vlamingh encountered a bevy of black swans in Australia in 1697 all known swans were white.
That was all swans known in the northern hemisphere of the world.
This was about 200 years before Darwin (1859) published his “Origin of Species”.
At that time the current belief was that the world has been created perfectly and therefore unchanging.
Australia just did not exist.
For people in the Northern Hemisphere world, the idea of a black swan just had never occurred to them.
Encountering a black swan was the pure Black Swan event.
Black swan events now comprise events that are a surprise for some but not for others, events that have a low likelihood, events that were not believed to be possible but still proved to be possible, events that were dismissed as being too improbable to worry about but happened anyway.
