Measures of Central Tendency: Mean, Median and Mode
Hans Overturf and Nicolas Taleb's Black Swan
1. Hans Overturf and Nicolas Taleb's Black SwanHans Overturf and Nicolas Taleb's Black Swan
2. •Hans Overturf, a financial advisor and investor, has a strong interest in the theories of Nicolas
Taleb, who is well known as the author of The Black Swan: The Impact of the Highly Improbable.
3. •In Taleb's book, the author makes continual references to the metaphor of the black swan,
which has been used as an expression for rare events since ancient times.
One of the central arguments of the book is that rare and improbable events occur much more
often than is commonly believed.
4. •The book states that human beings often use hindsight in an effort to explain in an overly
simplistic way the underlying causes of past events, and these limitations in scope negatively
impact the integrity of decision-making regarding related future events.
An epistemologist, Taleb goes on to discuss how misunderstandings are caused by so-called
experts, who attempt to use their authority to overrule evidence.
The book remained on the New York Times best-seller list for over 30 weeks, and has been highly
influential in the financial and social science spheres.