Wednesday, March 16, 2011

A flock of black swans

An insurance executive in today's New York Times:


“What makes today’s natural disaster so extraordinary is that four of the five costliest earthquakes and tsunamis in the past 30 years have occurred within the past 13 months,” said Robert Hartwig, president of the institute, citing two big quakes in New Zealand and one in Chile along with the disaster in Japan."

Are we in a cluster of black swan events?

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