What is Extremistan? Where is it? Where does the word come from? What elements of our lives fall under the purview of Extremistan? Extremistan is a term coined by Nassim Nicholas Taleb to explain the randomness and deviations from the mean of most social, man-made aspects of human society. The term was popularized by Taleb’s book The Black Swan. We’ll cover what Extremistan is, how it differs from Mediocristan, what kinds of events and characteristics come from the land of Extremistan, and why Extremistan often makes prediction impossible.
Extremistan: Why Improbable Events Have a Huge Impact
