Taleb is the Dean's professor in the Science of Uncertainty at the University of Amherst. His book The Black Swan: The Impact of the Highly Improbable talks about one observation that can negate a general observation.
The Black Swan he notes is an outlier, that lies beyond the average outcome. It's impact is extreme and finally despite its outlier status we as humans convince ourselves that we had somehow accounted for it.
The book primarily discusses why we have this blind spot with respect to large deviations in randomness. The book has a great readability quality, never boring always making you stop and think.…
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