black swan theory
Currency crisis – When a country's central bank lacks the foreign reserves to maintain a fixed exchange rate Dark horse – Previously less known thing becoming prominent Domino effect – Cumulative effect produced when one event sets off a chain of other events Falsifiability – Property of a statement that can be logically contradicted List of cognitive biases
Long tail – Feature of some statistical distributions Miracle – Event not explicable by natural or scientific laws Normalcy bias – Disbelief or minimization in response to threat warnings Tail risk – Risk of statistically extreme events Uncertainty – Situations involving imperfect or unknown information