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What is a Black Swan Event and Should We Be Expecting One?

To start off our black swan event discussion, let’s start with Lebanese-American writer and statistician, Nassim Nicholas Taleb, who wrote something interesting about improbability in one of his essays: “Think of the terrorist attack of September 11, 2001: had the risk been reasonably conceivable on September 10, it would not have happened. If such a possibility were deemed worthy of…
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