This is not just a pedantic point. Claire Powles explains…. The theory of Black Swan events was developed to categorize non-predictable, high-impact events. Second, it carries an extreme 'impact'. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable.
What the Heck Is a “Black Swan Event” Anyway?
Black Swan Abnormal Psychology: [Essay Example], words GradesFixer
Why Be Concerned about Cyber-Security? Introduction Cyber security became ever more crucial for global business and modern society. We are living in a data-centric world in which information technology and associated communications ' systems as well as networks that provide goods and services permeate every facet of our lives. This creates the safeguard of our digital assets and activities within cyberspace of critical importance, whether for individual life experience or a prosperous and sustainable. That is, you are free to share, copy, distribute, store, and transmit all or any part of the work under the following conditions:. These technologies should be globally linked, like a global warning system similar to a Tsunami early warning system.
Plenty of people saw it coming, in some form or another, and said so. The resulting small businesses armageddon and unemployment tragedy might be, though. When we thought about pandemics, we typically forecasted either the immediate medical consequences, or went all the way to I am Legend scenarios where everyone is dead. But as far as I can tell, no one really foresaw: what happens when no one can leave their house for 3 months, so every small business closes all at once?
The book focuses on the extreme impact of rare and unpredictable outlier events—and the human tendency to find simplistic explanations for these events, retrospectively. Taleb calls this the Black Swan theory. The book covers subjects relating to knowledge, aesthetics , as well as ways of life, and uses elements of fiction and anecdotes from the author's life to elaborate his theories. It spent 36 weeks on the New York Times best-seller list. A central idea in Taleb's book is not to attempt to predict Black Swan events, but to build robustness to negative events and an ability to exploit positive events.