The Black Swan: The Impact of the Highly Improbable pdf, “The Black Swan” by Nassim Nicholas Taleb is an essay that explores how rare, unpredictable, and high-impact events—called Black Swans—have shaped history, science, markets, and our lives. Taleb argues that most people and experts underestimate the likelihood of such events because they rely on overly simple or limited models. The book blends philosophy, statistics, and historical examples to explain how we can better understand uncertainty and embrace unpredictability as a fundamental part of the real world.
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