articleChoice Reviews OnlineNov 1, 2007Closed access

The black swan: the impact of the highly improbable

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Abstract

Nassim Nicholas Taleb's phenomenal international bestseller The Black Swan: The Impact of the Highly Improbable shows us how to stop trying to predict everything - and take advantage of uncertainty. What have the invention of the wheel, Pompeii, the Wall Street Crash, Harry Potter and the internet got in common? Why are all forecasters con-artists? What can Catherine the Great's lovers tell us about probability? Why should you never run for a train or read a newspaper? This book is all about Black Swans: the random events that underlie our lives, from bestsellers to world disasters. Their impact is huge; they're impossible to predict; yet after they happen we always try to rationalize them. Taleb is a bouncy…

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3,505
total citations
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206.86
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Topics & keywords

Keywords
  • Black swan theory
  • Affection
  • LEAPS
  • Dream
  • Art history
  • Newspaper
  • History
  • Accident (philosophy)
UN Sustainable Development Goals
  • Climate action
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