Difference between revisions of "Black swan"
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Z. M. Davis (talk | contribs) (rephrasing) |
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| − | A '''black swan''' is | + | A '''black swan''' is a high-impact low-probability event, not accounted for in a model, which therefore causes the model to break down when it occurs. |
==Blog posts== | ==Blog posts== | ||
Revision as of 11:50, 4 September 2009
A black swan is a high-impact low-probability event, not accounted for in a model, which therefore causes the model to break down when it occurs.
