Black Swan events have three characteristics: they have an enormous impact; they are not predicted; but once they have happened, they can be explained and rationalized. When looking at ordinary trends based on past events, we must be careful not to miss what effect extraordinary events can have. Watch Macat’s short video for a great introduction to Nassim Nicholas Taleb’s The Black Swan, one of the most important books about economic predictions ever written.
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*Source: WEF report Jan 2016 – “The Future of Jobs report”
Tagged under: Nassim Nicholas Taleb,The Black Swan,Economics,Introduction
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