“Mediocristan is where we must endure the tyranny of the collective, the routine, the obvious, and the predicted; Extremistan is where we are subjected to the tyranny of the singular, the accidental, the unseen, and the unpredicted.”
—Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
One of the most famous current scholars of uncertainty is Nassim Nicholas Taleb. Now a scholar, essayist, and author of the Incerto collection of works (of which The Black Swan is the second title), Taleb used to work ...
