Be Humble: Black Swans and the Limits of Inductive Reasoning
DataRobot
MARCH 19, 2020
After a decade of relative economic stability, we are now confronted by the COVID-19 pandemic, with many financial analysts labelling it as a ‘black swan’ event. A ‘black swan’ is a metaphor for something unexpected which has a major impact. These type of events can cause significant disruption to business processes, financial markets, and our lives.
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