What Are Black Swan Events? | Nassim Taleb

🔍 In This Episode We dive into the world of black swan events, unpredictable occurrences that significantly impact society. Inspired by Nassim Nicholas Taleb's seminal book called the "The Black Swan", we explore the theory. What is a black swan event? How does Taleb explore the concept of Black Swan? What biases come into effect with a black swan event? How does it change the way we think? In this episode we will look to answer these questions. Learn about the "1001 day and Turkey" analogy, illustrating human overconfidence and the failure to foresee consequences. Join us as we unpack the butterfly effect and the profound implications of black swan events on our world. 🕰️ Video Chapters 00:00 - What is a Black Swan event? 02:12 - Nassim Taleb book 03:34 - Butterfly effect & Consequences 04:50 - How Taleb applied Black Swan theory to the world 06:16 - The Turkey problem 07:47 - No one expected COVID 08:29 - Multiply by zero 10:20- What is recency bias? 11:07 - Recency bias in relationships 11:29 - Self reflecting in relationships and performance conversations 12:45 - Humans try to predict too much based on short term past events 14:48 - Humans are great are coming up with narratives 17:35 - How Black Swan events change the way people think 18:51 - Rabbit hole of conspiracy theories 📖 Sources - Books: The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb - Multiply By Zero: https://sketchyideas.co/multiplying-by-zero/ - Recency Bias: https://www.scribbr.com/research-bias/recency-bias/ 👍 Support us here: https://www.youtube.com/@Minds.Unleashed 📰 Sign up to our weekly newsletter for more content: https://mindsunleashed.substack.com/ Follow us below 👇 Instagram: ⁠https://www.instagram.com/minds.unleash/⁠ TikTok: ⁠tiktok.com/@minds_unleashed⁠ 🎵 Listen on the go: Spotify: https://open.spotify.com/show/2fW7Rk3URDmHV2dA315Db7 About us: Minds Unleashed is a podcast platform where we learn and gain insights from many different types of individuals. Our mission is to empower, enlighten and expand minds. If you want to collaborate or work with us then email below: [email protected] #blackswan #nassimtaleb #collapses #psychologicalimpact #historicalevents #butterflyeffect #history #disasters #chaostheory