![]() ![]() In our professional and personal lives, such ‘White Swans’ can be easily predicted and our past experience serves as a valuable tool we can use to enhance accuracy of these predictions. For instance, it is assumed that when we see a dog, it will possess four legs and bark. Similar to the color of swans, we make predictions in our day to day lives, which hold true under most circumstances. ![]() Taleb uses the ‘White Swan’ as an analogy for the expected, the predicted and the probable. Swans are seldom believed to exist in any other color. The White Swan represents the archetypical mental image that arises when one is presented with the word ‘swan.’ An implicit association of the bird swan is made with the word white. We are thankful for their contributions and encourage you to make your own. These notes were contributed by members of the GradeSaver community. ![]()
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