Difference between revisions of "Black swan"
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Z. M. Davis (talk | contribs) (rephrasing) |
m (Black swan can be of high probability. Undo revision 4054 by Z. M. Davis (Talk)) |
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{{wikilink|Black swan theory}} | {{wikilink|Black swan theory}} | ||
| − | A '''black swan''' is a high-impact low | + | A '''black swan''' is a high-impact event that is hard to predict (but not necessarily of low probability). Also, an event that is not accounted for in a model, and therefore causes the model to break down when it occurs. |
==Blog posts== | ==Blog posts== | ||
Revision as of 21:30, 4 September 2009
A black swan is a high-impact event that is hard to predict (but not necessarily of low probability). Also, an event that is not accounted for in a model, and therefore causes the model to break down when it occurs.
