Tuesday, June 5, 2012

Alice and The Black Swan

Regret doesn't just stem from mistakes. Sometimes you regret all the right choices you've made in life which probably means, somewhere along the way, you have forgotten a part of yourself.

To me, the black swan is an economic phenomenon, when really it's an economic theory derived from the natural phenomenon of rarity. I'm equipped to think all economic theories are natural like that. The metaphor itself is used to describe an (almost) impossible event. People used to think all swans were white until they explored the land downunder and found what was deemed to be non existent- black swans. This theory was used to explain how an unexpected turn of events caused the global financial crisis. Also applied in finance currently, to develop a robust model to..sorta.. Plan the unforeseen. Sounds fairly ridiculous, but we do live in a ridiculous world. alice did say there's no use in trying, one can't believe in impossible things, but the queen replied, "I dare say you havent had much practice."

So how does black swan relate to regrets and Alice in wonderland? Let me add another little useful quote I love. "If you don't know where you are going, any road will get you there" A black swan was not unforseeable. It was constructed ignorance. so is regret in a way.

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