The Coronavirus crisis: A Black Swan? In Nassim Taleb’s 2007 book titled ‘The Black Swan’, a black swan event is an unpredictable event with extreme consequences. The name derives from the fact that before discovering Australia, in the Western world all swans were believed to be white. This, Taleb argues, shows how humans base their strategies on what they know. They are not prepared for a black swan. In brief, we are not used to planning for unforeseen scenarios of difficulty. Yet, such scenarios do take place, and when they do they change everything. Yet, Coronavirus was only
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