Black-Swan Monument

Posted At : May 4, 2007 7:48 AM | Posted By : Espen Haug
Related Categories: FAT TAILS
Today I got back to the Norwegian finance minister (in DN 4 Mai, largest Norwegian business news paper) concerning her latest article (Dn April 26) where it seems like she underemphasize low probability events, forget to take into account potential massive impact. I suggest building Black-Swan monument in front of the “parliament” building as a reminder of low probability big impact events.

I was naturaly referring to Nassim and his book “The Black Swan: The Impact of the Highly Improbable”. Unfortunately I see the newspaper had removed this just before print. :(

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