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NancyLebovitz comments on LINK: An example of the Pink Flamingo, the obvious-yet-overlooked cousin of the Black Swan - Less Wrong Discussion
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"A “pink flamingo” is a term recently coined by Frank Hoffman to describe predictable but ignored events that can yield disastrous results. Hoffman argues that these situations are fully visible, but almost entirely ignored by policymakers. "
Why are they ignoring this?
Because it's been basically stable for so long it's easy to believe it won't blow up.
So we are back to the Black Swan event.