{"id":3079,"date":"2011-04-03T13:24:19","date_gmt":"2011-04-03T20:24:19","guid":{"rendered":"tag:google.com,2005:reader\/item\/86a84e8a7aaad789"},"modified":"2011-04-06T00:41:47","modified_gmt":"2011-04-06T07:41:47","slug":"black-swans-the-week","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2011\/04\/black-swans-the-week\/","title":{"rendered":"Black swans &#8211; The Week"},"content":{"rendered":"<div>\n<div><a href=\"http:\/\/theweek.com\/article\/slideshow\/213716\/black-swans\"><img decoding=\"async\" src=\"http:\/\/4.images.theweek.com\/img\/dir_0059\/29549_article_main.jpg?40\" alt=\"Though black swans aren't as rare as once thought, their symbolism is that of transformative occurrences, like 9\/11.\" \/><\/a><\/div>\n<div>\n<p>Though black swans aren&#8217;t as rare as once thought, their symbolism is that of transformative occurrences, like 9\/11.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span>Photo: CC BY: JoshBerglund19<\/span><a href=\"http:\/\/theweek.com\/article\/slideshow\/213716\/black-swans\"><br \/>\n<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<p><strong>Why call big surprises black swans?<\/strong><br \/>\nIt goes back to the 2nd-century Roman poet Juvenal, who said that some events are \u201cas rare a bird as a black swan.\u201d In reality, black swans aren\u2019t so rare, but Europeans once believed there was no such thing because they had never seen one. Their certainty evaporated when early European explorers of Australia came upon swans whose feathers were black. The term has recently come into vogue thanks to Nassim Nicholas Taleb\u2019s book <em>The Black Swan: The Impact of the Highly Improbable,<\/em> which became a surprise best seller after the 2008 financial crisis. As defined by Taleb, a black swan is not just an unprecedented event but one with a large, widespread impact. \u201cA small number of black swans,\u201d Taleb writes, \u201cexplain almost everything in our world.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>\t\t\t\t\t\t\t    \t\t\t\t\t\t\t\tThough black swans aren&#8217;t as rare as once thought, their symbolism is that of transformative occurrences, like 9\/11.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t&#8230;<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3079","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/3079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=3079"}],"version-history":[{"count":1,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/3079\/revisions"}],"predecessor-version":[{"id":3084,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/3079\/revisions\/3084"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=3079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=3079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=3079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}