Monday, November 4, 2013

Black Swans

Black Swans are unexpected and unpredicted events in human history that have a huge impact. Although, after the occurrence of such event, scientists usually conclude: "This was supposed to happen". Even though the time, place of these events are different, the there is a possibility to draw a pattern of their process and analyze them. The understanding of these rare events can explain a lot in our world as well as in our personal lives. 

The interesting for our semester project topic is that there are events in human history that have not been predicted. If we look on history as a complex of decisions, action & reactions, where contribution of one inspires the other, where innovation in one sphere (technological) create possibilities for other (health care), then unpredictable Black Swan events are the key moments that massively shape the future.

Nicholas Taleb claims : The psychological biases make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs.

Link : Taleb, Nassim Nicholas (2010) [2007], The Black Swan: the impact of the highly improbable (2nd ed.), London: Penguin, ISBN 978‐0‐14103459‐1, retrieved 23 May 2012.

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