Ben Zimmer in the Wall Street Journal wrote a nice description of Nassim Taleb's description of the Black Swan in finance. Mr. Zimmer gives a very nice description of the how the term "Black Swan" came into our vocabulary and how Nassim Taleb has used that to describe rare events. Here is a link to Mr. Zimmer's article:
‘Black Swan’: A Rare Disaster, Not as Rare as Once Believed by Ben Zimmer
https://www.wsj.com/articles/black-swan-a-rare-disaster-not-as-rare-as-once-believed-11584645612
Key words: economics, finance
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