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The Black Swan, the turkey, and the bell curve. For our turkey, Every day is a good day.

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Presentation on theme: "The Black Swan, the turkey, and the bell curve. For our turkey, Every day is a good day."— Presentation transcript:

1 The Black Swan, the turkey, and the bell curve

2 For our turkey, Every day is a good day

3 …UNTIL the highly improbable occurs... An outlier? Yes Extreme impact? Yes Retrospective hindsight? Yes Thanksgiving is the turkey’s Black Swan event!

4 Bell Curves Frequency

5 Bell curves help to hide black swans The Experiment Toss 10 identical coins (Heads/Tails) Note results Repeat 999 other times Plot results on Bell Curve

6 Bell Curves Bell curves hide randomness and the “unpredictable” Frequency What if were looking at the distribution of earthquakes? Medium sizeNo seismic activity Catastrophic Black Swan territory

7 Bell Curves What if were looking at the distribution of earthquakes? Bell curves hide randomness and the “unpredictable” 6 Frequency Black Swan territory

8 So What?  We want to avoid being the turkey!  No one agency can do this alone  The past doesn’t prepare us for the future  Avoid the temptation to revert to “ABC Agency always provides XYZ after a disaster”  We can’t predict the future, nor Black Swan events, but they will happen  Pre-event coordination is critical!  By focusing on the “most likely” events, we’re blind to Black Swans

9 What can we do about it?  Turn Black Swans into white swans by  Identifying areas of vulnerability  Addressing areas of vulnerability  Continuously adapting to avoid becoming the turkey

10 How do you make sure there are no gaps in the jar??? 9

11 10

12 Why Partner with Voluntary, Faith-Based and Community Based Organizations ?  Understanding local needs  Flexible  High impact / low cost Avoid becoming the turkey!

13 Avoid Predictable Surprises


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