Risk economist Didier Sornette attempts to unravel the black swan theory, which draws the disconcerting conclusion that extreme events are unpredictable and unknowable. Sornette has developed a model that aims to forecast extreme events. Although he cherry-picks examples that corroborate his assumptions and his lecture contains some jargon, getAbstract nevertheless recommends his fresh insights to market analysts, corporate investors, government representatives with fiduciary responsibilities and anyone seeking comfort during times of financial instability.
About the Speaker
Didier Sornette is a risk economist and director of the Financial Crisis Observatory.