Black Swan is like Murphy's Law

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Black Swan is like Murphy's Law
vasudeva, CEO, India, Member
Black Swan is an interesting concept. It seems in tune with Murphy's Law (Whatever can go wrong, will go wrong...). In my opinion it is a challenge; the crazier and the more intutive one is, the more is the chance of survival and growth and sustenance. (...) Read more? Sign up for free
 

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Black Swans are Like Murphy's Law
Mario A. G. Lopez, Professor, Philippines, Member
I agree with Vasuveda in comparing the Black Swan phenomenon to Murphy's Law, which in its complete form says: "Nothing is as simple as it looks. Everything will always take longer than it should. And if anything can go wrong, it will at the worst possible time."
At higher levels of complexity and flux anything is possible and Black Swan thinking means we need to analyse everything that can go wrong and what its effects are with or without probability assignments.
Here, computers are a boon (Ed: ~blessing) as they can help us speed up part of the analyses.
 

         
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