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Black Swan Theory | by Midnight - Digital
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Black Swan Theory

The Black Swan Theory or "Theory of Black Swan Events" was developed by Nassim Nicholas Taleb to explain: 1) the disproportionate role of high-impact, hard to predict, and rare events that are beyond the realm of normal expectations in history, science, finance and technology, 2) the non-computability of the probability of the consequential rare events using scientific methods (owing to their very nature of small probabilities) and 3) the psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs. Unlike the earlier philosophical "black swan problem", the "Black Swan Theory" (capitalized) refers only to unexpected events of large magnitude and consequence and their dominant role in history. Such events, considered extreme outliers, collectively play vastly larger roles than regular occurrences.

 

This creation is a tribute to Julian Assange from Wikileaks. Activist, Fighter for the Truth, warrior against the establishment. He is the Black Swan.

 

Julian Assange has placed a small encrypted file entitled Insurance History on the Swedish Server of Pirate Bay (specialist in the illegal download of music and film music). On Twitter, he recommends that his followers download the file and await his instructions…

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Taken on December 2, 2010