It's really old news, in fact the well is finally closed at this time, but it's interesting to follow the discussion about the BP spill and if it could be considered a "Black Swan".Alex is right to complain about the abuse of the concept. But I like to point to another aspect. People will usually relate the Black Swan concept to the probability of the event ocurring only. A very important aspect of those events is the impact. In fact, the
BP spill a Black Swan?
BP spill a Black Swan?
BP spill a Black Swan?
It's really old news, in fact the well is finally closed at this time, but it's interesting to follow the discussion about the BP spill and if it could be considered a "Black Swan".Alex is right to complain about the abuse of the concept. But I like to point to another aspect. People will usually relate the Black Swan concept to the probability of the event ocurring only. A very important aspect of those events is the impact. In fact, the