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The Black Swan: the impact of the highly improbable 2nd ed. Theory of response to surprise events. The theory was developed by Nassim Nicholas Taleb to explain:. Because the bell curve ignores large deviations, cannot handle them, yet makes us confident that we have tamed uncertainty. The central and unique attribute of Taleb's black swan event is that it is high-profile. Taleb's problem is about epistemic limitations in some parts of the areas covered in decision making.

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