Quantifying the unexpected: A scientific approach to Black Swans
Many natural and socioeconomic systems are characterized by power-law distributions that make the occurrence of extreme events not negligible. Such events are sometimes referred to as Black Swans, but a quantitative definition of a Black Swan is still lacking. Here, by leveraging on the properties o...
Main Authors: | Giordano De Marzo, Andrea Gabrielli, Andrea Zaccaria, Luciano Pietronero |
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Format: | Article |
Language: | English |
Published: |
American Physical Society
2022-07-01
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Series: | Physical Review Research |
Online Access: | http://doi.org/10.1103/PhysRevResearch.4.033079 |
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