You are misusing the term. Black swans are not rare high-impact events—they are events that nobody has considered possible.
I’m using Taleb’s definition.
I disagree. Terrorism has been a constant presence throughout human history. It’s not rare, at all. There is lots of historical data.
Most of which the people who try to compare it statistically to falling of ladders tend to ignore.
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I’m using Taleb’s definition.
Most of which the people who try to compare it statistically to falling of ladders tend to ignore.