Was the Arab Spring a Black-Swan Event?
SOURCE: BROOKINGS.EDU BY: ELENA IANCHOVICHINA To the Lebanese-American author Nassim Taleb almost all major discoveries and historical events are “black swans.” These very rare, extremely impactful events initially come as a surprise, but once they occur, they are often inappropriately rationalized with the benefit of hindsight. For Taleb, historical events such as World War I … Continued