Difference between revisions of "Black swan"

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{{wikilink|Black swan theory}}
 
{{wikilink|Black swan theory}}
  
A '''black swan''' is an event that is hard to predict and has enormous impact.  Also, an event that is not accounted for in a model, and therefore causes the model to break down when it occurs.
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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

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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