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The Black Swan: The Impact of the Highly Improbable is a literary/philosophical book by the epistemologist Nassim Nicholas Taleb. The book focuses on the extreme impact of certain kinds of rare and unpredictable events (outliers) and humans' tendency to find simplistic explanations for these events retrospectively. This theory has since become known as the black swan theory.


Picture of the Day: The Black Swan - Seen here is a beautiful black swan in Bulgaria’s Bacha Reservoir. The black swan (Cygnus atratus) is a large waterbird, a species of swan, which breeds mainly in the southeast and southwest regions of Australia. The black swan was a literary or artistic image, even before the discovery of Cygnus atratus.- Photograph by Kiril Krastev