canberrabirds

black-swan events

To: Canberrabirds List <>
Subject: black-swan events
From: Des Clark-Walker <>
Date: Thu, 17 Jan 2013 15:51:09 +1100
In recent reading of Nature I came across use of the term "black-swan event'. Curious to know the meaning of this term and being a Western Australian I interrogated Google. There is a voluminous literature on black-swan theory and events, going back to the time when all swans were supposed to be white. In essence, a black-swan event is a surprise, the event has a major effect and in hindsight it could have been predicted. Attack on The World Trade Center is an example.

I hope Geoffrey Dabb can dream up a suitable illustration?

Des Clark-Walker

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