Difference between revisions of "Black swan"
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*[http://lesswrong.com/lw/hy/riskfree_bonds_arent/ Risk-Free Bonds Aren't] by [[Eliezer Yudkowsky]] | *[http://lesswrong.com/lw/hy/riskfree_bonds_arent/ Risk-Free Bonds Aren't] by [[Eliezer Yudkowsky]] | ||
| + | *[http://www.overcomingbias.com/2008/09/white-swans-p-1.html White Swans Painted Black] by [[Peter McCluskey]] | ||
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[[Category:Concepts]] | [[Category:Concepts]] | ||
Revision as of 10:23, 24 June 2009
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.
