alt Hacker Newsblack swan is not a reference to the badness of blackness but the unlikelihood of something contradicting volumes of previous data.
Thus it can change industry in a good way or a bad way, because the black swan is unprecedented and unpredicted, its consequences and their nature is unsettled.
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joenot443 • today at 12:28 PM
The description I remember is the idea of holding the belief “all swans are white” until one encounters a black swan, and having to update their beliefs accordingly. What does this mean about swans?
But maybe that’s not the intended meaning either? It’s an interesting expression.
andyferris • today at 11:49 AM
Yes. And ultimately the colour of swans in Western Australia impacts… almost nothing at all.
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Traditionally in economics black swan is an unpredictable negative event.
The only thing that is unsettled here still is how many more people will lose their jobs and how much cumulative loss prisoner's dilemma will generate.
I saw random people on Internet suggesting to piggyback this disaster and dip into the crazy money that it is "generating", but in a zero-sum game somebody has to lose.