What category does Black Swan belong to?

Black Swan belongs to the "Concepts" category in personal knowledge management and productivity.

What are the key topics related to Black Swan?

Key topics related to Black Swan include: uncertainties, probabilities, strategies, risks, mental-models.

What are alternative names for Black Swan?

Black Swan is also known as: Black swan event, Unpredictable event.

Black Swan

A rare, unpredictable event with major impact that is rationalized in hindsight.

Also known as: Black swan event, Unpredictable event

Category: Concepts

Tags: uncertainties, probabilities, strategies, risks, mental-models

Explanation

A Black Swan is an event that is surprising (to the observer), has a major effect, and after being observed, is rationalized in hindsight. The theory of black swans is epistemological, relating to the limited knowledge and understanding of observed events. The term was popularized by Nassim Nicholas Taleb. Black swans challenge our ability to predict the future and highlight the importance of building antifragile systems that can withstand unexpected shocks. In planning and strategy, acknowledging black swans means accepting uncertainty and building resilience.

Related Concepts

Amara's Law
Planning Fallacy
Second-Order Effects
Systems Thinking

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