Tag Archives: risk

Black Swans Theory

Low-predictability-high-impact events. Follows logically from Gödel’s Incompleteness Theorems (no description of the world can be complete), Heisenberg’s Uncertainty Principle (no observer can know everything), and the Butterfly Effect (even the smallest events can have big consequences). http://www.noop.nl/2011/02/black-swans-broken-windows-and-magicians.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+noop+%28NOOP.NL%29 Advertisements

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