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The Office of Instructional and Research Technology Blog

Wednesday, December 19, 2007

Black Swan by Nassim N. Taleb


Black Swan by Nassim N. Taleb
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 black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world.

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