A black swan event has, unfortunately, nothing to do with Natalie Portman or Western Australia; it describes an event that is extremely unlikely, but can cause massive upheaval. For example, the 2008 global recession or, say, pretty much all of 2020.
By definition, no one sees a black swan event coming — but researchers at Stanford are attempting to change that. They are building a computational method to try and predict when the next graceful neck will raise its head.
“This work is exciting because it’s a chance to take the knowledge and the computational tools that we’re building in the lab and use those to better understand — even predict or forecast — what happens in the world surrounding us,” Bo Wang, assistant professor of bioengineering at Stanford and senior author of the study, told Stanford News…….
Read the complete text of this article at BigThink by author B. David Zarley