What is a Black Swan?

The video explores Nassim Nicholas Taleb's concept of Black Swan events, which are unpredictable and have significant consequences. It explains the criteria for such events and their historical context. The video also discusses Grey and White Swans, highlighting the COVID-19 pandemic as a White Swan event. It emphasizes the importance of horizon scanning and preparedness to manage Black Swan events effectively.

Can you explain the concept of unknown unknowns as described by Taleb?

What are the three criteria that define a Black Swan event?

What role does hindsight play in understanding Black Swan events?

How does Taleb differentiate between Black Swans, Grey Swans, and White Swans?

What was the significance of the Black Swan event in relation to the COVID-19 pandemic?

How can project managers prepare for potential Black Swan events?

What does Taleb mean by 'horizon scanning' in the context of Black Swan events?