A Black Swan event is a single improbable event with enormously far-reaching consequences. In retrospect, people develop explanations for why the event was predictable – known as hindsight bias.

Definition: The Black Swan Theory refers to those events which are difficult to predict in the normal course of business. They are random, unexpected, but high-impact events. These events are ...

We would do well to take such phenomena into account – including in medicine. Illustration: Tiril Haug Johne Until a black swan was discovered in Western Australia in 1697, it was an established truth ...

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A black swan event is underway in South Africa. Trump was widely predicted to win a second term in the White House. Almost no one predicted that within a fortnight of taking office, his administration ...