Review of The Black Swan: The Impact of the Highly Improbable

Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable. Allen Lane, 2007. 400 pages.

The central thesis of this interesting book is our wish to ignore or tone down the importance and frequency of the unexpected. Nassim Nicholas Taleb writes that "Fat tails are the technical term for Black Swans" and proceeds to enlighten us about the ways in which the existence of these birds is often overlooked and, even when noticed, they are assumed to be more domesticated and less wild th