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Create a 5 page essay paper that discusses The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb.Simply put, black swan denotes a highly improbable event with three principal ch
Create a 5 page essay paper that discusses The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb.
Simply put, black swan denotes a highly improbable event with three principal characteristics of unpredictability, possession of the massive impact and the tendency of concocting explanations when such events occur, so as make them appear rather less random.
The Black Swan idea is comprehensively reflected upon in the book. From the Latin origin of the phrase, black swan to the great philosophical works, including those of Aristotle and Plato, Taleb brings the idea of the ‘Black Swan’ sweetly alive to the readers of this masterpiece. Basically, the black swan has been used in the book largely to argue the cases of the unknown, abstract occurrences and events that humans do not factor in their expectations, and the so called body of knowledge. In this regard, the book explores the unpredictability of ‘black swan’ events and advises on the need to build the robustness to the negatives that occur, and to enhance the ability to exploit the positives.
The idea explored by Taleb suggests that these black swan events must not necessarily be negative occurrences, but also unexpected positive events, which in a way startle humans in their daily life. The mention of the vulnerability of the banks and other trading institutions to hazardous black swan events, as well as instant success by the Google firm reinforces the understanding of the book even to the first time reader. In addition, from the historical perspective of the turkey story through to the modern day narration of the case of neuroscientist Yevgenia Krasnova and her story of recursion, Taleb interestingly creates the understanding of his meaning of ‘Triplets of Opacity’ to the audience (Taleb 68).
In this connection and concerning what we do not know, the black swan logic has been employed by Taleb to make what we do not know appear far more relevant than what we know or think to know. To affirm this point, creativity has been employed by the author to sight relevant examples with
