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Black swan event
June 25 , 2022
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- A black swan is an uncommon, unforeseen event.
- It shocks people and has a major effect on society and the entire world.
- Nassim Nicholas Taleb, a finance professor, initially proposed the black swan hypothesis in 2001.
- These events are believed to have three distinctive qualities: they are incredibly rare, unforeseeable, and unexpected.
- According to RBI assessment, India might experience capital outflows of up to Rs 7,80,000 crore in the event of a significant global risk scenario or "black swan" occurrence.
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