The Pandemic isn’t a Black Swan
“Indeed, if Taleb is chronically irritated, it is by
those economists, officials, journalists, and executives—the “naïve
empiricists”—who think that our tomorrows are likely to be pretty much like our
yesterdays. He explained in a conversation that these are the people who,
consulting bell curves, focus on their bulging centers, and disregard
potentially fatal “fat tails”—events that seem “statistically remote” but
“contribute most to outcomes,” by precipitating chain reactions, say”
Systemic Risk of Pandemic via Novel Pathogens –
Coronavirus: A Note
