The Psychology of Tail Events : Progress and Challenges

  title={The Psychology of Tail Events : Progress and Challenges},
  author={Nicholas Barberis},
Over the past decade, there has been a surge of interest among academic researchers, policymakers, and the broader public in “tail events”—rare, high-impact events. There are many possible reasons for this: the occurrence of particularly salient tail events such as the 9/11 terrorist attacks and the US financial crisis; the rise of the Internet and social media, which have made news and information about tail events much more accessible than before; and the popularization, by Taleb (2007), of… CONTINUE READING

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