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phynance
’Dragon-king of the outlier events
This is a black swan.
This is a dragon-king.
Which are you more terrified of?
In a new paper, author and physics professor Didier Sornette, presents the concept of “dragon-kings” — outlier events that exist within conventional power law distributions.
Who controls the stock market, or, physicists do it differently
Imagine a group of physicists looked into the global financial industry. What remarkable things could they find?
Covariance strategies? New risk management models? The origin and prevention of asset price bubbles?
Or,