Ebola And Isis: Black Swans Of The Apocalypse?
The trouble with Black Swan events is that you need hindsight to identify them, by which time it's too late. Black Swan theory was developed by Nassim Nicholas Taleb, a former Wall Street trader and risk analyst-turned academic philosopher. At the heart of the theory are so-called Black Swan events - unexpected happenings that seemingly come out of nowhere, but in retrospect, could have been predicted because there were unheeded signals. They're the ultimate 'told-you-so' for Prophets of Doom. Two things have apparently sprung from the darkness to grab the world's attention: the spread of Ebola and the rise of Isis (also known as the Islamic State). Are these Black Swan events with catastrophic potential?