Emerging risk – Conceptual definition and a relation to black swan type of events
Abstract
The concept of emerging risk has gained increasing attention in recent years. The term has an intuitive appeal and meaning but a consistent and agreed definition is missing. We perform an in-depth analysis of this concept, in particular its relation to black swan type of events, and show that these can be considered meaningful and complementary concepts by relating emerging risk to known unknowns and black swans to unknown knowns, unknown...
Paper Details
Title
Emerging risk – Conceptual definition and a relation to black swan type of events
Published Date
Dec 1, 2015
Volume
144
Pages
61 - 67
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