Taleb

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August 31, 2024 3 min read Definitions

Black Swan Events: Rare, Unpredictable Events with Dramatic Effects

Economics Finance Risk Management Black Swan Risk Unpredictable Events Extreme-Events Taleb

Black Swan Events are rare, unpredictable events with dramatic effects, which are often embedded within the tails of distributions. This term is crucial in understanding extreme risk and uncertainty in various fields such as Finance, Economics, and beyond.