black swan
Language: English
Part of speech: noun
Pronunciation: ipa: /blæk ˈswɒn/
ipa: /blæk ˈswɑn/
rhymes: -ɒn
Forms: form: black swans
Etymology: From Middle English blak swan, calqued from a Latin quotation from Satire VI (written late 1st century – early 2nd century B.C.E.) of the Roman poet Juvenal: “Rara avis in terris, nigroque simillima cygno [a bird as rare upon the earth as a black swan]!”. Equivalent to black + swan.
Sense 2.1 (“something believed impossible or not to exist”) is from the fact that all swans were thought to have white plumage until black swans were discovered in Australia in the 17th century by Dutch explorers. Sense 2.2 (“rare and hard-to-predict event”) was popularized by the Lebanese-American author Nassim Nicholas Taleb (born 1960) in his book The Black Swan: The Impact of the Highly Improbable (2007): see the quotation.
Senses: examples: text: Mankind were wrong, it seems, in concluding that all swans were white: are we also wrong, when we conclude that all men's heads grow above their shoulders, and never below, in spite of the conflicting testimony of the naturalist Pliny? As there were black swans, though civilised people had existed for three thousand years on the earth without meeting with them, may there not also be "men whose heads do grow beneath their shoulders," notwithstanding a rather less perfect unanimity of negative testimony from all observers? Most persons would answer No; it was more credible that a bird should vary in its colour, than that man should vary in the relative position of his principal organs.
ref: 1843, John Stuart Mill, “Of the Ground of Induction”, in A System of Logic, Ratiocinative and Inductive, being a Connected View of the Principles of Evidence, and the Methods of Scientific Investigation. […], volume I, London: John W[illiam] Parker, […], →OCLC, § 3, page 379:
text: If you tell me that there is or that there is not a black swan or a white raven, I want to know where you mean; and that you can only show me,—no description will answer the purpose.
ref: 1884 summer, Charles Sanders Peirce, “On the Algebra of Logic (Second Paper) [Item 22, MS 508]”, in Christian J. W. Kloesel [et al.], editors, Writings of Charles S. Peirce: A Chronological Edition, volumes 5 (1884–1886), Bloomington; Indianapolis, Ind.: Indiana University Press, published 1993, →ISBN, page 111:
text: The original propounder of 'all swans are white' presumably based it on a sample of hundreds or thousands; but the verifications before the Australian black swan was discovered must have run into millions
ref: 1961, Harold Jeffreys, “Estimation Problems”, in Theory of Probability (Oxford Classic Texts in the Physical Sciences), 3rd edition, Oxford, Oxfordshire: Clarendon Press, published 2003, →ISBN, paragraph 3.21, page 132:
text: This concept of "observation" is not like that of seeing a black swan, to mention a famous classical example. New particles leave signatures in the detector that on an event by event basis cannot be distinguished by other processes (background).
ref: 1999, G. D’Agostini, “Bayesian Reasoning versus Conventional Statistics in High Energy Physics”, in Wolfgang von der Linden, Volker Dose, Rainer Fischer, Roland Preuss, editors, Maximum Entropy and Bayesian Methods: Garching, Germany 1998: Proceedings of the 18th International Workshop on Maximum Entropy and Bayesian Methods of Statistical Analysis (Fundamental Theories of Physic; 105), Dordrecht, South Holland: Springer Science+Business Media, →DOI, →ISBN, footnote 19, page 166:
glosses: Cygnus atratus, a swan with black plumage and a red bill which is endemic to Australia.
examples: text: I do but ſpeake in the perſon of Demetrius, & vnder Hippolita ſhadovv vvhat I intend to the rare, and neuer enough vvondred at Moſpa, the black ſvvan of beauty, & madg-hovvled of admiration.
ref: 1605 (date written), Iohn Day [i.e., John Day], The Ile of Guls. […], London: […] [John Trundle], and are to bee sold by Iohn Hodgets […], published 1606, →OCLC, signature [D4], verso:
text: A Virgin too, untouch'd, and chaſte, / VVhom Man ne'er took about the VVaiſte. / She's a rare Bird! find her vvho can, / And much reſembling a black Svvan.
ref: 1743, Henry Fielding, “Part of Juvenal’s Sixth Satire, Modernized in Burlesque Verse”, in Miscellanies, […], volume I, London: […] A[ndrew] Millar, […], →OCLC, page 97:
synonyms: word: rare bird
word: rarity
word: unicorn
word: black swan
word: hen's tooth
word: lightning in a bottle
word: one in a million
word: rara avis
word: rare bird
word: rarity
word: rocking horse shit
word: unicorn
glosses: Something believed impossible or not to exist, especially if an example is subsequently found; also, something extremely rare; a rara avis.
examples: text: A small number of Black Swans explain almost everything in our world, from the success of ideas and religions, to the dynamics of historical events, to elements of our own personal lives. […] Fads, epidemics, fashion, ideas, the emergence of art genres and schools. All follow these Black Swan dynamics.
ref: 2007, Nassim Nicholas Taleb, “Prologue”, in The Black Swan: The Impact of the Highly Improbable, New York, N.Y.: Random House, →ISBN, page xviii:
text: The details of this catastrophe [the 2011 Fukushima nuclear accident] were unforeseeable, leading some to conclude this was a black swan event – something so wildly unexpected, so enormous in its impact, that it seems to defy our understanding and expose the fragility of our knowledge of the world. How could anyone have predicted this? […] In the face of black swans – also known as fat-tail events, for the way their occurrences are distributed along a probability curve – market pricing may be impossible.
ref: 2011 March 19, Jeff Sommer, “A crisis that markets can’t grasp”, in The New York Times, New York, N.Y.: The New York Times Company, →ISSN, →OCLC, archived from the original on 03 Feb 2023:
text: Worried that Greece could go belly up? So-called black swan funds – named for rare and unexpected events – offer a way to profit in the event of a market collapse.
ref: 2011 June 29, Azam Ahmed, “New investment strategy: Preparing for end times”, in The New York Times, New York, N.Y.: The New York Times Company, →ISSN, →OCLC, archived from the original on 23 Dec 2022:
glosses: A rare and hard-to-predict event with major consequences.
Hypernyms: sense: Cygnus atratus
english: family
translation: family
word: Anatidae
sense: Cygnus atratus
english: subfamily
translation: subfamily
word: Anserinae
sense: Cygnus atratus
english: genus
translation: genus
word: Cygnus
Derived terms: black swan event
black swan fallacy
black swan theory
Related terms: tail risk