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> These events are white swans These are more "Black Elephants" imho: A Black Elephant, notes Vinay Gupta, ‘is an event which is extremely likely and widely p
by MrsPeaches 6y ago
> These events are white swans
These are more "Black Elephants" imho:
A Black Elephant, notes Vinay Gupta, ‘is an event which is extremely likely and widely predicted by experts, but people attempt to pass it off as a Black Swan when it finally happens. Usually the experts who had predicted the event – from the economic crisis to pandemic flu—go from being marginalized to being lionized when the problem finally rears its head’ (Gupta, 2009).
https://postnormaltim.es/black-elephant https://postnormaltim.es/black-elephant
- knuthsat 6y agoYeah, I guess. I assumed black means completely invisible and unpredictable (do not know what will happen and when), white means we know it can happen but just don't know when exactly will it happen.