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Catchword for “black swan event”
Catchword: black swan event
Filed under:
Part of speech: n.
Quotation: On Black Monday, October 19, 1987, the Dow Jones index, for reasons still being debated, fell 508 points, almost a quarter of its total. (The current equivalent, for comparison’s sake, would be a 3,200-point loss on one day.) The drop turned out to be a “black swan event,” a weirdly poetic economist’s term meaning, basically, a fluke (though few people remember it, the Dow still eked out a positive finish for the year).
Article or document title:
“The Stench of ‘89” (URL)
Author:
Michael Idov
Article, document, publication, web site:
New York Magazine
Publishing location:
New York City
Date of publication:
Feb. 4, 2008
This catchword has yet to be researched.
Posted 7 Feb 08 | Permalink | Tell a Friend
Comments:
I believe Nassim Taleb coined this term in his book "Fooled by Randomness: The Hidden Role of Chance in Life and the Markets", and then explored it further in "The Black Swan: The Impact of the Highly Improbable"
by Kevin Way 08 Feb 08, 0242 GMT

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