Black Swan Event
Category
History
Similar
Dragon King Theory Ludic Fallacy Gray RhinoDefinition
A metaphor that describes an event in history that comes as a surprise, has a major effect, and is normalized after the fact.Origin
Named for an ancient saying which presumed black swans did not exist, but was later modified to mean the opposite when they were discovered in Australia. Examples of Black Swan Events include wars, recessions, and disasters. The metaphor was later developed by Nassim Nicholas Taleb.