BLACK SWAN, THE - THE IMPACT OF THE HIGHLY IMPROBABLE

'The Black Swan' is a concept that intends to change the way people look at the world. Black Swans underlie almost everything, from the rise of religions, to events in personal lives. A Black Swan is a highly improbable event with three principle characteristics: it is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random and more predictable than it was.