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A black swan event is an unpredictable, rare, and highly impactful occurrence that is beyond the realm of normal expectations. The concept, popularized by Nassim Nicholas Taleb in his 2007 book The Black Swan: The Impact of the Highly Improbable, highlights events that are:
1. Extremely rare and unforeseen: They lie outside the standard predictions and expectations.
2. Massively impactful: They