Abstract

When unexpected and emotion-engaging events become Black Swans and carry an ‘extreme impact,’ this derives not so much those qualities or from their intrinsic size or importance as from reaction, or overreaction, they generate; but one that is often as extreme and unpredictable as the event itself. Most consequential development in human history, however, stems not from such events, but from changes in thinking and behavior that are gradual and often little-noticed as they occur. In addition, when an unexpected, emotion-grabbing event becomes a Black Swan, the response is likely to become internalized, and getting people to re-evaluate through sensible risk analysis and risk communication is extremely difficult. As part of this, events that are aberrations are often unwisely taken instead to be harbingers – and continue to be so even in the face of repeated disconfirming evidence. An examination of the 9/11 response in the US illustrates these points.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.