Black Swan

外汇网2021-06-19 14:31:17 129

An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult to pdict. This term was popularized by Nassim Nicholas Taleb, a finance professor and former 华尔街 trader.

Black swan events are typically random and unexpected. For example, the pviously successful hedge fund Long Term Capital Management (LTCM) was driven into the ground as a result of the ripple effect caused by the Russian government's debt default. The Russian government's default repsents a black swan event because none of LTCM's computer models could have pdicted this event and its subsequent effects.

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