The black swan theory is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The theory was developed by Nassim Nicholas Taleb.
Yesterday, the Twitter feed of the Associated Press told us that Barack Obama had been injured in an explosion at the White House. The tweet […]
Die Wahrscheinlichkeit eines langandauernden und das Gebiet mehrerer Bundesländer betreffenden Stromausfalls mag gering sein. Träte dieser Fall aber ein, kämen die dadurch ausgelösten Folgen einer […]
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. […]
A Lehman Brothers trader keyed in £300m instead of £3m at the end of business on Monday and the FTSE100 lost 130 points, or a […]
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