![]() ![]() There is usually some insistence after the event has happened that the black swan event was obvious in hindsight, although this is often not actually the case. They are quite often random events, where no past data or planning can point toward their occurrence.įortunately, these types of events are pretty rare. They often go beyond what is normally expected of a situation and can have serious impacts on an organisation. ![]() Although it is impossible to prepare for this, we are hoping this guide may be able to at least make you aware of the consequences and think about how you could mitigate risk at your organisation.Ī black swan is an unpredictable event that is difficult to predict in the normal course of business. In this article, we will look in more depth at what the black swan theory is, examples of black swan events and what they can mean for the housing sector when such an event occurs. This is often referred to as the black swan theory. When large-scale unpredictable events occur, they can have a catastrophic impact on an organisation. There are quite simply some things that are impossible to foresee or prepare for, no matter how vigilant you are. Conclusion: what the black swan theory means for you. ![]() What do black swan events mean for the housing sector?.A brief history of the black swan theory. ![]()
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