With the narrative fallacy, people want to reduce the content and then make logical connections between the sequence of events that led to the Black Swan events. The Confirmation Fallacy speaks of gov
People tend to believe what they are told by people who have degrees and speak in an authoritarian manner. Often times academics takes matters into their own hands and creates models, spreadsheets, st
Then there is an Illusion of Understanding... this is when people have the false sense of security in the belief that comprehending the world and all of its facets can predict how life will unfold. Th
Knowing our own shortcomings and trying to suss out what we are ignorant of goes a long way to protecting ourselves from the occurrences and effects of Black Swan events. It is not always possible to
Nassim Nicholas Taleb discusses fallacies that lead to Black Swan events. One of those is the Ludic Fallacy; the Ludic Fallacy is simply believing that real-life can be known by playing games that mim
Collecting data and having knowledge allow a person to be able to predict outcomes. In order to properly assimilate the overwhelming amount of information that bombards humans every day taking into ac
The expression, "those who do not learn from history are doomed to repeat it" coined by George Santayana, doesn't encompass the Triplet Opacity that Nassim Nicholas Taleb has observed in human nature.
A black swan is a sudden and startling anomaly that Nassim Nicholas Taleb uses as a metaphor for a massive paradigm shift. It stems from the fact that people thought all swans were white and were shoc