Sentences with phrase «swan events impact»
How often do black swan events impact animals?
https://www.sciencenews.org/ Not exact matches
[2] Forecasting involves identifying relevant factors and players, being mindful of the unknown «wildcards» and unforeseen «black swans», assessing the likely impact of any particular factor on one another and being able to quickly update assessments as events develop.
Such high - impact, unpredictable and rare events are what author Nassim Nicholas Taleb calls «black swans.»
The mainstream application to finance came about in 2007 when Naseem Taleb, In his book The Black Swan: The Impact of the Highly Improbable, used Black Swans as a metaphor for the low probability of destructive events with extreme negative returns occurring in financial markets.
In his book Fooled by Randomness, Nassim Taleb defined Black Swan (the term refers to the once prevalent old world belief that all swans are white, which was proven false when black swans were discovered in Australia) as a rare event that is (1) unexpected (2) carries an extreme impact and (3) believed to be predictable in hindsight.
Healthy diversification helps minimize the impact of Black Swan events.
«The Black Swan Theory or Theory of Black Swan Events is a metaphor that encapsulates the concept that the event is a surprise (to the observer) and has a major impact.
The Black Swan Theory or Theory of Black Swan Events is a metaphor that encapsulates the concept that The event is a surprise (to the observer) and has a major impact.