Extremistan

Extremistan is a concept from Nassim Nicholas Taleb's ideas, describing environments where rare, unpredictable events have outsized impacts. In such settings, a few extreme occurrences—like a viral video or a major financial crash—dominate outcomes, making statistics and averages less reliable. Unlike predictable, stable environments ("Mediocristan"), Extremistan's variability makes it challenging to forecast and manage risk because rare events can vastly outweigh typical ones. It emphasizes the importance of humility and preparedness in the face of unpredictability, recognizing that extreme events shape the overall landscape more than regular, minor fluctuations.